TY - JOUR
T1 - Bioaccounting measurement of environmental assets
T2 - beyond environmental accounting
AU - Farfan-Lievano, Angelica
AU - Ceballos, Olga Ines
AU - Mejia Soto, Eutimio
N1 - Publisher Copyright:
© 2024, Emerald Publishing Limited.
PY - 2024/8/5
Y1 - 2024/8/5
N2 - Purpose: This paper aims to develop a framework for the bioaccounting measurement of environmental assets based on natural wealth sustainability. Specifically, this paper proposes a theoretical structure for qualitative and quantitative organization-level assessments of the existence and circulation of water, air, wildlife, flora, soil and subsoil resources. Design/methodology/approach: This research used an inductive method with a qualitative and quantitative approach. The authors postulate a systemic and comprehensive bioaccounting measurement of environmental assets, including heterogeneous and homogeneous methods and quantitative and qualitative valuations of the resources that comprise environmental assets. Findings: The authors describe a theoretical structure for the bioaccounting measurement of environmental assets based on the sustainability of natural wealth through heterogeneous and homogeneous measurement methods and show how to integrate these assets through an homogeneous method. Research limitations/implications: The development of this general theoretical structure will require the integration of theoretical, conceptual and technical developments from multiple disciplines. The authors hope that the scientific community will evaluate and study this proposal for faster progress towards its practical implementation in organizations. Originality/value: The authors structured the bioaccounting measurements, which are presented individually for each class of environmental assets. Each of these assets requires subcategories (accounts, subaccounts and resources) and recognition/measurement units. Environmental value units (EVUs) are used to standardize the plurality of measurement units.
AB - Purpose: This paper aims to develop a framework for the bioaccounting measurement of environmental assets based on natural wealth sustainability. Specifically, this paper proposes a theoretical structure for qualitative and quantitative organization-level assessments of the existence and circulation of water, air, wildlife, flora, soil and subsoil resources. Design/methodology/approach: This research used an inductive method with a qualitative and quantitative approach. The authors postulate a systemic and comprehensive bioaccounting measurement of environmental assets, including heterogeneous and homogeneous methods and quantitative and qualitative valuations of the resources that comprise environmental assets. Findings: The authors describe a theoretical structure for the bioaccounting measurement of environmental assets based on the sustainability of natural wealth through heterogeneous and homogeneous measurement methods and show how to integrate these assets through an homogeneous method. Research limitations/implications: The development of this general theoretical structure will require the integration of theoretical, conceptual and technical developments from multiple disciplines. The authors hope that the scientific community will evaluate and study this proposal for faster progress towards its practical implementation in organizations. Originality/value: The authors structured the bioaccounting measurements, which are presented individually for each class of environmental assets. Each of these assets requires subcategories (accounts, subaccounts and resources) and recognition/measurement units. Environmental value units (EVUs) are used to standardize the plurality of measurement units.
KW - Bioaccounting
KW - Environmental asset
KW - Measurement
KW - Strong sustainability
UR - http://www.scopus.com/inward/record.url?scp=85200209843&partnerID=8YFLogxK
U2 - 10.1108/medar-09-2022-1796
DO - 10.1108/medar-09-2022-1796
M3 - Article
AN - SCOPUS:85200209843
SN - 2049-372X
VL - 32
SP - 1
EP - 33
JO - Meditari Accountancy Research
JF - Meditari Accountancy Research
IS - 6
ER -