CHAPTER 10

Sustainability and Performance Management

Introduction

Sustainability is becoming increasingly significant for all organizations and a key aspect of strategy formulation and strategic choice, as well as a potential source of competitive advantage. It is therefore worth considering the contribution that accountants can make toward the achievement of an organization’s sustainability objectives.

What Is Sustainable Development?

Two definitions help us understand what is meant by sustainable development and sustainability.

  • Sustainable development is development that “meets the needs of the present without compromising the ability of future generations to meet their own needs” (United Nations World Commission on Environment and Development ...

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