CHAPTER 1

Setting the Stage

“Nowadays people know the price of everything and the value of nothing.1

—Oscar Wilde

1.1 Why Read This Book

Sustainability is becoming a business megatrend that can no longer be ignored by managers.2 More and more stakeholders consider the so-called externalities like water usage and pollution, as well as carbon dioxide emissions, as crucial elements of a company’s performance. Moreover, globally interacting supply chains lead to environmental strains and also to corresponding liabilities of business actors. In the future, all parts of a business will be affected by sustainability-related issues.3 A “clear vision and the (necessary) execution capabilities”4 are crucial in order to be a pioneer within this megatrend. ...

Get Responsible Management Accounting and Controlling now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.