Accounting for Sustainability-A Current Condition and Potential for Future Research

Oleh :
Hasan Fauzi, Phd - 196207011988031001 - Fak. Ekonomi dan Bisnis

Sustainability issue, introduced around three decades ago, has been a common term for any profession with different meaning in accordance with the interest of the profession. One definition of sustainability issue is from Brundtland Report (a United Nation’s commission): “Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs.” However, interpretation of the definition could be different from one group profession to others. One can understand the issue focusing on the environmental initiatives only, while another adds one social aspect like Michael Jantzi (Canadian-based research company) Associate with the index of
Social and Environmental and also KLD (American-based research company) with the inclusion of governance aspect. If the definition of the sustainability is as one developed by the parties, it leads to the issue as something different from the company interest. It follows that the issue is the beyond the company issue. Is that the case? The answer is absolute no. A book entitled “What
Matters Now: How to Win in a World of Relentless Change, Ferocious Competition and Unstoppable Innovation” by Garry Hamel in published April 2012 supports the answer.