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A planetary well-being accounting system for organizations
2024
Transformative changes in the operations of humankind are needed to support the transition towards planetary well-being. We humans organize our everyday lives through organizations. We argue that to understand the role of organizations and to facilitate the transition towards planetary well-being, we need a value-transforming integration of financial and environmental accounting and reporting. We find such integration critical to ensuring that the senior executives of organizations pay attention, and to ensuring that environmental impacts begin to influence the management decisions of the organizations. In this chapter we discuss how and why environmental accounting can and should be integr…