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Mainstreaming biodiversity accounting: potential implications for a developing economy

Javed Siddiqui (Manchester Business School, University of Manchester, Manchester, UK)

Accounting, Auditing & Accountability Journal

ISSN: 0951-3574

Article publication date: 14 June 2013

Issue publication date: 14 June 2013

2359

Abstract

Purpose

The paper seeks to respond to calls by Jones for more studies exploring the possibility of operationalising accounting for biodiversity.

Design/methodology/approach

Archival data are used to produce a natural inventory report for the Sundarbans, the world's largest mangrove forest declared as a World Heritage site by UNESCO in 2007.

Findings

The study extends prior research on biodiversity accounting by exploring the applicability of Jones' natural inventory model in the context of Bangladesh. The results indicate that application of Jones' natural inventory model is feasible in the context of developing countries such as Bangladesh. It is also recognised that the socio‐economic and political environment prevailing in developing economies may lead to the emergence of important stakeholder groups including local civil society bodies, international donor agencies and foreign governments. Biodiversity accounting may provide a legitimate basis for the government in allaying concerns regarding environmental stewardship and assist in negotiations with powerful stakeholder groups on important issues such as financial assistance after natural disasters and claims to the global climate change fund.

Originality/value

This is one of the early attempts to operationalise biodiversity accounting in the context of a developing economy.

Keywords

Citation

Siddiqui, J. (2013), "Mainstreaming biodiversity accounting: potential implications for a developing economy", Accounting, Auditing & Accountability Journal, Vol. 26 No. 5, pp. 779-805. https://doi.org/10.1108/AAAJ-03-2013-1242

Publisher

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Emerald Group Publishing Limited

Copyright © 2013, Emerald Group Publishing Limited

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