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1. ROLE OF
ACCOUNTANT IN
SUSTAINABLE
DEVELOPMENT

2. WHAT IS SUSTAINABILITY ?
• Sustainability describes how the impact of the resources used by business organizations
can be minimized.
• It tells us how the scarce resources are required to be preserved in the present and in the
future so that the next generation is able to use them.

3. WHAT IS SUSTAINABLE DEVELOPMENT ?
• Sustainable development is pace of development which can be continued for a logger
duration without significantly hampering the ability of the future generation to fulfill their
needs form the same set of resources.
• The need for sustainability is accepted worldwide and it is recognized that we must be
able to meet the needs of the future generation only if we preserve the scarce natural
resources and stop their wastage and develop alternative usage of the same and bring
alternative technique of satisfying out needs.

4. ACCOUNTANTS & SUSTAINABILITY
• There is need to measure and report the sustainability on a consistent basis. And
it falls in the ambit of the accountants to measure the sustainability of an
organization and report the same consistently.
• Qualitative reporting on the same subject would be often welcomed by the
stakeholders and this would help the stakeholders understand the importance of
the long term goals and importance of being sustainable.

5. TRIPLE BOTTOM LINE
• Economic performance
• Sustainability includes preserving the economic performance of the organization
in the absence of which the organization would cease to exist.
• Thus, the accountant must measure the economic performance in terms of return
on assets and return equity.
• This would help addressing the idle assets and release them to ensure the return
are at par with the stakeholder’s expectations.

6. TRIPLE BOTTOM LINE CONTD…
• Environmental Performance
• The Environment aspect is important there because they are related to the
number of natural assets or resources available.
• They can be saved to increase the chances of making more profit in the long run
because the life of the process can be extended.

7. TRIPLE BOTTOM LINE CONTD…
• Social Performance
• Sustainability also includes preserving the human capital by making sure the health of those who
are working are given a priority.
• This means the organization needs to maintain a safe and heathy working environment.
• At the same time the social health of the communities can be made better through better working
processes and minimizing pollution, maintaining quality issues and undertaking environmental
measures such as supplying good quality water to the community and saving the water streams etc.

8. STRONG FORM OF SUSTAINABILITY IS THE
NEED
• Strong level of sustainability is the system under which a country or a society aims to
maintain the overall capital which is available naturally,.
• It allows substituting the natural Resources with manmade capital in the short and the
long term.
• However critical resources such as water, and Air etch wont be allowed to be substituted.

9. CONTINUED…
• Sustainable Accounting would take into consideration the costs which are hidden or
ignored in the process or completely misallocated in traditional accounting such as:
1. Waste of materials that happens in the process.
2. Waste of other utilities
3. Use of non-renewable resources and how the same is increased or reduced.
4. Costs related to the regulations etc.

10. BENEFITS OF SUSTAINABLE ACCOUNTING
• Adopting these Accounting formats would ensure that most organisations benefit
from the followings:
1. Regulatory requirements are fulfilled
2. Prevents damage to immediate environment where its operations takes place.
3. Promotes environmentally safe workplaces.
4. Confidence of shareholders.
5. Safe handling of hazardous materials and disposal of industrial effluent and
waste.

11. CONCLUSION
• The Accounting aspect is important because a consistency in reporting
sustainable issues would keep the management in guard and compel them to
spend resources on research and development aspects of doing business.
• Higher spends on R&D would make sure resources available are sued less and
efficiency is increased. Instead of using raw materials which can’t be regenerated
that easily, another alternative resources might be used to make products.