Towards a Sustainable Future: Promoting Sustainability, Sustainability Accounting and Reporting among Future Professional Accountants
DOI:
https://doi.org/10.31098/jgrcs.v1i1.452Keywords:
sustainability accounting and reporting, sustainable enterprise, green accounting, sustainability, triple bottom lineAbstract
While most of the sustainability studies focused are on areas of engineering and architecture, sustainability accounting and reporting are concepts that need to be introduced among people nowadays, specifically accountancy students, with the belief that the students today, will become the workforce and leaders of tomorrow. The study focused on promoting the various concepts among ninety-six (n=96) accountancy students who are in their terminal year. The students were subjected to a pre-test & post-test experimental design group with viewing video presentations on triple bottom-line, sustainability reporting, true cost accounting and a sample of Global Reporting Initiative Report (GRI) as intervention activities, that aimed to provide an overview and a level of understanding on the targeted concepts. Results show a significant difference on the level of awareness before and after the three concepts were introduced. The participants were willing to learn more about sustainability accounting while half of them would consider to enroll in a graduate program that specializes on leadership in a sustainable enterprise along with management courses concentrating on sustainability. As a conclusion, sustainability accounting and reporting in the Philippines, still has a long way to go and currently at its infancy stage before becoming a distinguished program or a course that will be embedded in the academic curricula or be fully recognized by businesses and industries from both national and local levels. The study can be further enhanced to include the level of commitment and motivation of students to such concepts.
Downloads
References
American Institute of Certified Public Accountants [AICPA] (2017). Central Intelligence Agency (2016). World Factbook.. Retrieved from: https://www.cia.gov/library/publications/the-world-factbook/fields/2103.html
Azapagic, A., Perdan, S., & Shallcross, D. (2005). How much do engineering students know about sustainable development? The findings of an international survey and possible implications for the engineering curriculum. European Journal of Engineering Education, 30(1), 1-19.
Aznar M. P., Martinez?Agut, M. P., Palacios, B., Pinero, A., & Ull, M. A. (2011). Introducing sustainability into university curricula: an indicator and baseline survey of the views of university teachers at the University of Valencia. Environmental Education Research, 17(2), 145-166.
Boston College (2014). Center for Corporate Citizenship, Sustainability Reporting. Retrieved from: http://ccc.bc.edu/sustainability-reporting.html
Central Intelligence Agency [CIA] (2016). Philippines Literacy Rate. https://www.cia.gov/library/publications/the-world-factbook/fields/370.html
Carew, A. L., & Mitchell, C. A. (2002). Characterizing undergraduate engineering students' understanding of sustainability. European journal of engineering education, 27(4), 349-361.
Constructing Excellence (2004). Benefits of Sustainable Development. Retrieved from: http://constructingexcellence.org.uk/resources/introduction-to-sustainable-construction/
Fleischman, Richard K. and Karen Schuele, 2006, “Green Accounting: A Primer,” Journal of Accounting Education, 24(1).
Gayeton, D. (2017). Food Terms. True Cost Accounting. Retrieved from: http://www.pbs.org/food/features/lexicon-of-sustainability-true-cost-accounting-the-real- cost-of-cheap-food/
Global Reporting Initiative (2017). About Sustainability Reporting. What is Sustainability Reporting?. Retrieved from: https://www.globalreporting.org/information/sustainability-reporting/Pages/reporting-benefits.aspx
Gucyeter, B. (2016). The place of sustainability in architectural education: discussion and suggestions. Athens Journal of Architecture, 2(3), 237-256.
Higher Education (2021). What is Green MBA? https://www.bestcollegereviews.org/faq/what-is-a-green-mba
Index Mundi (2016). World Populiation. https://www.indexmundi.com/
MacVaugh, J., & Norton, M. (2012). Introducing sustainability into business education contexts using active learning. International Journal of Sustainability in Higher Education.
Marshall, R. S., & Harry, S. P. (2005). Introducing a new business course:“Global business and sustainability”. International Journal of Sustainability in Higher Education.
Martens, M. L., & Carvalho, M. M. (2016). The challenge of introducing sustainability into project management function: multiple-case studies. Journal of Cleaner Production, 117, 29-40.
Mendoza, R. (2012). Accountancy Research Theory and Practice. Classification of Research Design. ISBN: 978-971-0165-08-7
McKenna, B. and Roberto B. (2011). “Human Flourishing as a Foundation for a New Sustainability Oriented Business School Curriculum: Open Questions and Possible Answers,” Journal ofManagement & Organization, 17(5).
Niemotko, T. J. (2017). The importance of sustainability accounting and reporting in assessing a firm: A student’s perspective. https://www.accountingtoday.com/opinion/the-importance-of-sustainability-accounting-and-reporting-assessing-a-firm-a-students-perspective
Pujol, F. A., & Tomás, D. (2020). Introducing Sustainability in a Robotic Engineering Degree: A Case Study. Sustainability, 12(14), 5574.
Report ASAP Project (2018). Adoption of Sustainable Accounting Practices for Reporting
Transnational Phase: Development of the Final Study Report https://report-asapproject.eu/sites/report-asap.eu/files/Report-ASAP_IO1_A3_final.pdf
Russel Reynolds Associates (2015). Sustainable leadership:Talent requirements for sustainable enterprises.https://www.russellreynolds.com/en/Insights/thought-leadership/Documents/russell_reynolds_sustainable_leadership.pdf
Sanchez, H.M. (2016). Introducing the Concepts of Sustainability and Corporate Social Responsibility to Accounting Students. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2731222
Sanganyado, E., & Nkomo, S. (2018). Incorporating sustainability into engineering and chemical education using E-Learning. Education Sciences, 8(2), 39.
Shields, D., Verga, F., & Blengini, G. A. (2014). Incorporating sustainability in engineering education. International Journal of Sustainability in Higher Education.
Sosland Publishing (2021). Consumer interest in sustainability is still growing. https://www.foodbusinessnews.net/articles/17988-consumer-interest-in-sustainability-is-still-growing
Sustainability Accounting Standards Board [SASB] (2018). Standards Overview. Contents of Standards. https://www.sasb.org/standards-overview/
United Nations Educational, Scientific and Cultural Organization [UNESCO] (2017). Climate Change Education and Awareness, Education for Sustainable Development. Retrieved from: http://en.unesco.org/themes/addressing-climate-change/climate- change-education-and-awareness
University of Alberta (2016). Our Definition of Sustainability. Sustain SU. The Student Sustainability Servic. https://www.su.ualberta.ca
World Commission on Environment and Development [WCED](1987). Brundtland
Commission. Retrieved from: http://www.un-documents.net/our-common-future.pdf
Yavuzalp, N., & Bahcivan, E. (2020). The online learning self-efficacy scale: its adaptation into Turkish and interpretation according to various variables. Turkish Online Journal of Distance Education, 21(1), 31-44.
Downloads
Article Metrics
- 275 times
- 486 times
Published
Citation Check
How to Cite
Issue
Section
License
Copyright (c) 2021 Arnold V. Salcedo, Shane S. Salcedo, CPA
![Creative Commons License](http://i.creativecommons.org/l/by-nc/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Content Licensing, Copyright, and Permissions
1. License
Journal of Governance Risk Management Compliance and Sustainability (JGRCS) has CC-BY NC or an equivalent license as the optimal license for the publication, distribution, use, and reuse of scholarly work for non-commercial purpose. The non-commercial use of the article will be governed by the Creative Commons Attribution license as currently displayed on Creative Commons Attribution-NonCommercial 4.0 International License
Creative Commons License
2. Author’s Warranties
The author warrants that the article is original, written by stated author(s), has not been published before, contains no unlawful statements, does not infringe the rights of others, is subject to copyright that is vested exclusively in the author and free of any third party rights, and that any necessary written permissions to quote from other sources have been obtained by the author(s).
3. User Rights
Journal of Governance Risk Management Compliance and Sustainability (JGRCS) objective is to disseminate articles published are as free as possible. Under the Creative Commons license, this journal permits users to copy, distribute, display, and perform the work for non-commercial purposes only. Users will also need to attribute authors and this journal on distributing works in the journal.
4. Rights of Authors
Authors retain the following rights:
Copyright, and proprietary rights relating to the article, such as patent rights,
The right to use the substance of the article in future own works, including lectures and books, The right to reproduce the article for own purposes, The right to self-archive the article, the right to enter into separate, additional contractual arrangements for the non-exclusive distribution of the article's published version (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal (Journal of Governance Risk Management Compliance and Sustainability).
The author has a non-exclusive publishing contract with a publisher and the work is published with a more restrictive license, the author retains all the rights to publish the work elsewhere, including commercially, because she/he is not subject to the conditions of her / his own license, regardless of the type of CC license chosen.
5. Co-Authorship
If the article was jointly prepared by other authors, the signatory of this form warrants that he/she has been authorized by all co-authors to sign this agreement on their behalf, and agrees to inform his/her co-authors of the terms of this agreement.
6. Termination
This agreement can be terminated by the author or Journal of Governance Risk Management Compliance and Sustainability (JGRCS) upon two months’ notice where the other party has materially breached this agreement and failed to remedy such breach within a month of being given the terminating party’s notice requesting such breach to be remedied. No breach or violation of this agreement will cause this agreement or any license granted in it to terminate automatically or affect the definition of Journal of Governance Risk Management Compliance and Sustainability (JGRCS).
7. Royalties
This agreement entitles the author to no royalties or other fees. To such extent as legally permissible, the author waives his or her right to collect royalties relative to the article in respect of any use of the article by This agreement can be terminated by the author or Journal of Governance Risk Management Compliance and Sustainability (JGRCS) upon two months’ notice where the other party has materially breached this agreement and failed to remedy such breach within a month of being given the terminating party’s notice requesting such breach to be remedied. No breach or violation of this agreement will cause this agreement or any license granted in it to terminate automatically or affect the definition of Journal of Governance Risk Management Compliance and Sustainability (JGRCS) or its sublicensee.
8. Miscellaneous
Journal of Governance Risk Management Compliance and Sustainability (JGRCS) will publish the article (or have it published) in the journal if the article’s editorial process is successfully completed and Journal of Governance Risk Management Compliance and Sustainability or its sublicensee has become obligated to have the article published. Journal of Governance Risk Management Compliance and Sustainability may conform the article to a style of punctuation, spelling, capitalization, referencing and usage that it deems appropriate. The author acknowledges that the article may be published so that it will be publicly accessible and such access will be free of charge for the readers