Cover -- Contents -- List of Figures -- List of Tables -- Foreword -- 1 Introduction: Why Sustainability Matters -- Introduction -- Global Warming -- Footprinting -- Resource Depletion -- Competition -- The Gaia Hypothesis -- Population -- The Global Compact -- The Advent of Utilitarianism -- Sustainability -- Profitability -- Conclusions -- 2 Defining Sustainability -- Introduction -- Defining Sustainability -- The Brundtland Report -- The Brundtland Legacy -- Being Green -- Redefining Sustainability -- The Conflation of Financial, Social and Environmental Performance -- Operationalising Sustainability -- Conclusions -- 3 Managing Risk -- Introduction -- A Typology of Risk -- Environmental Issues and their Effects -- Attitudes to Risk -- Portfolio Theory -- Agency Theory and Asymmetric Power -- The Cost of Capital -- The Firm as a Going Concern -- The Efficiency of Accounting -- Corporate Sustainability -- Conclusions -- 4 Governance and Sustainable Performance -- Introduction -- Corporate Governance -- The Purpose of Corporate Reporting -- Good Governance and Corporate Behaviour -- Corporate Governance Principles -- Corporate Reputation -- The Relationship Between Financial, Social and Environmental Performance -- Good Governance and Sustainability -- Relating Sustainability with Governance: the Evidence -- Conclusions -- 5 Implications of the Size and Sector of a Firm -- Introduction -- Country and Sectoral Analysis -- Sustainability and Financial Performance -- Methodology Used in the Analysis -- The Reliability and Measurement of Content Analysis -- Control Variables -- Profitability -- Analysis -- Our Findings -- Implications of the Analysis -- Conclusion -- 6 Satisfying Stakeholders: Distributing Effects -- Introduction -- Social Issues and their Effects and Implications -- Managing Managers - Agency Theory -- Distributional Problems.

The Social Contract -- Stakeholder Perspectives on the Contract -- Satisfying the Stakeholder Community -- Accounting and Stewardship -- Distributional Conflicts -- The Transformational Process -- Recycling and Stakeholders -- Conclusions -- 7 External Verification: Audit and Rating Systems -- Introduction -- Stakeholder Influences on Accounting -- Environmental Issues and their Implications -- Regulation and its Implications -- The Development of Social Accounting -- The Measurement and Reporting of Performance -- Accountability and Social Activity -- The Measurement of Environmental Impact -- The Environmental Audit -- The Framework of Sustainability Accounting -- Accountability -- Transparency -- Principles of Sustainability Reporting -- The Implementation of Sustainability Accounting -- Financial Reporting and Management Accounting -- Sustainability Reporting -- The Advent of Rating Systems -- Conclusions -- 8 International Standards and Regulations -- Introduction -- Globalisation and Accounting -- The Identification of Costs -- The Evolution of Accounting Standards -- Competing Standards -- Introducing Corporate Social Responsibility -- The Regulation of Standards -- Developing Standards of Sustainability -- Conclusions -- 9 Globalisation, Competition and Financial Crisis -- Introduction -- Globalisation -- Financial Markets and Globalisation -- Globalisation, Market Misbehaviour and Financial Crises -- The Philosophical Foundations of Capitalism -- The Effects of Technological Development -- Globalisation and Sustainability -- Implications for Corporate Activity -- Globalisation, Homogenisation and Convergence -- Is Success Sustainable? -- Conclusions -- 10 Corporate Social Obligations for Sustainability -- Introduction -- From Social Responsibility to Social Obligation -- CSR and Business Behaviour -- A Typology of CSR.

Corporate Social Obligations -- Classical Liberal Theory -- The Development of Utilitarianism -- The Organisational Failure Framework -- The Agency Problem -- Transaction Cost Theory -- The Problems of Transaction Cost Theory -- Conclusions -- 11 Implementing Sustainable Practice -- Introduction -- The Causes of Change -- The Dominant Paradigm -- A Critique of the Dominant Paradigm -- Expressing the Organisation through Social Networks -- Dynamism and the Emergence of Social Networks within Organisations -- Pluralism and Dissonance in Goals -- Pluralism and the Fragmentation of Power -- Changing the Existing Paradigm -- Planning Change -- The Learning Organisation -- What is a Change Agent? -- Approaches to Organisational Change -- Conclusions -- 12 Conclusion: Creating and Sharing Common Value -- Introduction -- Sustainable Corporate Activity -- Conditions for Growth -- Introducing Equitable Sustainability -- Recycling -- A Traditional View of Organisational Accounting -- The Transformational Process Revisited -- Square Theory -- Recycled Sustainability -- Conclusions -- Strategies for Sustainable Development -- References -- Index.