The Rise of ESG Accounting: Balancing Transparency, Compliance, and Strategic Value
ESG accounting has rapidly evolved from a niche concern to a strategic cornerstone of modern corporate governance, blending financial rigor with ethical accountability. Anchored in stakeholder theory and frameworks like the Triple Bottom Line and Integrated Reporting, it enables firms to track environmental, social, and governance metrics alongside traditional financial data. Global standards such as GRI, SASB, and the ISSB’s new disclosure rules aim to harmonize reporting, though challenges like data inconsistency, greenwashing, and lack of audit assurance persist.… Read more