It’s one thing to be aware of the social and environmental costs and benefits associated with your business, it’s another to try and account for them on your balance sheet. This is what the triple-bottom-line (sometimes called the integrated bottom line) approach is all about. As a result, non-financial measurement and reporting skills are increasingly being called for.
The good news is that management accountants are well positioned to adapt their existing skills to manage and measure all of the key components of TBL reporting, which is ultimately used to manage sustainability.
GreenBiz has more to get you started.