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Green Environment

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'Club of Economics in Miskolc' TMP Vol. 8., Nr. 2., pp. 23-30. 2012.

Green Accounting for Corporate Sustainability
BETTINA HÓDI HERNÁDI
ASSISTANT LECTURER e-mail: vgtbetti@uni-miskolc.hu

SUMMARY Today, corporate sustainability is one of the greatest challenges facing companies. Therefore, this study aims to show how accounting, as the language of business and the source of information, can meet the criteria of sustainability. This article starts out by analysing the different approaches to corporate sustainability, then it proposes the reinterpretation of the most important accounting principle, the ‘going concern’ principle. In the following section it outlines the characteristics of accounting from the point of view of sustainability. Finally, it proposes ways of transforming green accounting, both in name and content, into sustainability accounting. Keywords: corporate sustainability; the ‘going concern’ principle; green accounting (environmental accounting); sustainability accounting Journal of Economic Literature (JEL) code: M41

INTRODUCTION
According to the Brundtland Commission (1987, p. 43), “Sustainable development is development that meets the needs of present generations without compromising the similar needs of future generations. The concept interprets sustainable economic, ecological and social development as a unity.” Today’s companies must also comply with the challenges stemming from this approach, and therefore they must also implement economic, social and environmental goals. The reduction of pollution, the equitable distribution of wealth and improved social services pose a challenge to management, as the value of the company has to be increased for the stakeholders in such a manner that social and environmental responsibility should not be neglected.

b)

CORPORATE SUSTAINABILITY
The concept of sustainable development is…...

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