Saxion University Of Applied Science
Abstract
Purpose
Social and environmental accounting tools were established to measure the socio-economic
and environmental value provided and reduced by companies in a style that business executives
can understand and apply to influence critical business decisions using quantitative data.
Based on the True Value by Klynveld Peat Marwick Goerdeler (KPMG) and Social and Human
Capital Protocol by the World Business Council on Sustainable Development (WBCSD)
methodology, this social and environmental accounting tools tries to provide a way to measure
in financial terms the value generated and deducted by a company for society. This research
discusses the reasons behind creating the true value by KPMG and the social and human
capital protocol by WBCSD and provides examples of their application to company.
Design/ methodology/approach
This research will explain the presentation of the true value by KPMG and the social and
human capital protocol by WBCSD to company. To make it easier to understand, this research
uses a railway company in the Netherlands named Nederlandse Spoorwegen (NS) as an
example of a company that will be implemented using the true value by KPMG and the social
and human capital protocol by WBCSD. This research is based on a document evaluation of
the true value by KPMG and the WBCSD social and human capital protocol detailing its
methodology, previous research journals on social and environmental accounting and NS
company newly report which is in 2020.
Findings
Although both true value by KPMG and the social and human capital protocol by WBCSD to
company are social and environmental accounting tools, the true value by KPMG and the
social and human capital protocol by WBCSD has a different way of measuring social and
environmental issues within the company. Many companies have already implemented these
two tools. Companies that adopt the true value by KPMG and the social and human capital
protocol by WBCSD and follow it consistently will get benefit from being able to identify the
social and environmental values generated by the company.
Collections
- Akuntansi [4426]
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