Accounting for the Planet: A Fundamental Shift Towards Ecological Management
The article discusses the challenges in developing ecological management accounting for sustainability. The researchers reviewed two key papers on the topic and found that terminology is still confusing, with a need for a shift in organizational management towards valuing relationships with the environment over a longer time frame. Ecological management accounting is not widely used in research yet, but concepts like Accounting for Ecosystems and Material Flow Cost Accounting show promise for the future. This field requires a multi-disciplinary approach to address both macro and micro environmental challenges.