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Although it is well known that Brundtland states that there are three pillars of sustainable development and that they should be regarded as of equal importance it is argued that they have not been treated as equal with one pillar always predominating. This chapter re-examines the situation and arrives at a definition of sustainability which the authors argue is workable. They do so by redefining the pillars of sustainability and taking into account the combination of factors along with such issues as risk and uncertainty. This chapter therefore provides an introduction to the topic of the book and serves as a precursor to the ensuing chapters.

Obviously the resources of the planet are finite and this is a limiting factor to growth and development. The depletion of the resources of the planet is one of the factors which has helped create the current interest in sustainability. Nevertheless the economic system under which the world operates is predicated on an assumption that development is possible and so the concern is with acquiring the additional resources required for that development. This is perfectly in accordance with the assumptions made by Brundtland and accepted ever since. However environmentalists have been showing that the resources of the world are overused and usage is not sustainable at this level and there is starting to be a general understanding of the meaning of resource depletion. While this has been occupying the minds of people in the developed western world a number of countries have adopted a strategy of rapid growth and economic development. Principal among these have been the BRIC countries. These countries have access to a large proportion of the remaining natural resources of the world while also having large populations and therefore great scope for rapid economic growth. This leads of course to an unstable global economy as there is a looming imbalance between supply and demand, leading to problems of governance in this new environment. We consider a diagnosis and prognosis for this situation.

The purpose of this paper is to show the impact that non-governmental organizations (NGOs) have on the evolution of Global Reporting Initiative (GRI). GRI is a sustainability report disclosed by business organizations to meet the demands and interests of various stakeholders. These stakeholders’ needs have influenced GRI and its guidelines.

The methodology for this paper is library-based archival research. It is qualitatively and analytically descriptive of prior academic research and published literature on the subject.

Sustainability accounting rulemaking has evolved overtime resulting in proliferation of reporting rules. These rules have improved the extent and scope of environmental and economic performances that businesses disclose in GRI.

GRI has provided the foundation for integrated reporting (IR). Both GRI and IR have ecological and functional dimensions. Sustainability is functionally inherent in the accounting principle of materiality, when disclosed in external reporting. The ongoing concern of business assumes an organization is systemic and operates as a living entity only when it can provide sustainable performance that benefits stakeholders and society.

The logic of the economic system under which the world operates is predicated on an assumption that development is possible and that the pricing system mediates the acquisition of the additional resources required for that development. The chapter investigates where those resources are and focuses particularly on the BRIC counties. These countries have access to a large proportion of the remaining natural resources of the world while also having large populations and therefore great scope for rapid economic growth. These four countries contain a significant proportion of the world’s reserves of raw materials, but they are also rapidly developing countries with that development fuelled by their raw materials. One consequence of this is that the resources available to other countries in the developed world are constrained by this rising demand, with a number of possible consequences. The discourse in the developed world is towards the conservation of resources and towards energy efficiency. This is reflected in both manufacturing resources and consumer purchasing decisions. So it is generally accepted that resource depletion will affect the economic environment. It is not yet fully recognised, however, that development in other parts of the world will exacerbate this pressure and lead to a greater need to compete for the available resources. This competition will be economic but could also become physical as the world adjusts to a new geopolitical environment. This is an important topic not being addressed elsewhere.

The paper complements the research framework proposed by Kim and Matsumura (2017) through a broad survey of the management accounting research in sustainability.

The paper reviews recent management accounting research in the area of corporate responsibility/sustainability; focusing on articles published in seven widely recognized accounting journals and the Journal of Business Ethics.

Our survey of the recent literature indicates: (1) a major focus has been on integration of sustainability in management control systems; (2) the primary research methods used are case studies and surveys, with few large sample, archival studies (primarily on compensation); and (3) a significant amount of literature has been published outside of the traditional accounting literature.

The paper complements existing literature reviews in the area by focusing on the set of most widely recognized journals. By focusing on these journals, we highlight opportunities for future research that are likely to reach a broader accounting readership.

The world has been witnessing a new dreadful disease since the latter part of 2019. The disease known as the novel coronavirus disease often referred to as COVID-19 originated from the Chinese city of Wuhan in the Hubei province and has since spread across the world resulting in the World Health Organisation to declare it a global pandemic. Whilst it appears obvious that the pandemic continues to generate several impacts, knowledge of the true idea, nature and extent of the impacts is scanty, partly because the disease is novel, ongoing and an antidote is yet to be found for it as well as the fact that no or little systematic studies have been conducted into the impacts and the results codified. This study, therefore, explores the global overview of the environmental and socioeconomic impacts of COVID-19 based on evidence in the literature. The chapter found that several measures such as imposition of partial or total lockdowns, social distancing and stay-at-home policies, wearing of face masks and the use of gloves and hand sanitizers have been instituted to contain the pandemic since its outbreak. Apart from 4,766,468 infections with 318,201 deaths, which had occurred as at 19 May 2020 and are still counting, the measures instituted have resulted in increase in domestic energy consumption, generation of waste pollution, contraction in production, loss of income and jobs, disruption in market activities and depreciation in asset prices and values across the various sectors of the world's economy, increases in domestic violence and limited access to health services among others. Conversely, the pandemic has partly resulted in positive outcomes such as reduction in greenhouse gas emissions and boost in the operations of the ITC and other allied industries. However, in broad terms, it is a huge threat to sustainable development (SD) and gains made in that regard over the years are eroding. Furthermore, although there have been interventions from governments, United Nations and other international development organisations to ease the adverse impacts, more such interventions and efforts will be required to put the SD agenda on track.

Since the 1970s, the sustainable development was developed from science and environmental crusade. Since then, there were many programs done in the field but not named as “Sustainable Development.” The environments have affected because of the process of the development which was noticed by the world community. Malaysia has made a commitment to the 2030 Agenda in September 2015 for the future of mother earth. Despite the increasing attention toward sustainable development and circular economy across the world, understanding of the potential sustainability synergy among developing countries remains sluggish. This chapter therefore briefly discusses the development of circular economy within developed and developing countries. The chapter then narrowed the discussion toward Malaysian practices of the circular economy. Malaysia also recorded among the countries that faced waste management issues in Asia. The detailed discussion includes Malaysian acceptance and initiatives in reaching a circular economy within the past years, present, and future. The discussion surrounds the circular economy practiced by Malaysian industrial players as well as government's initiatives in encouraging and educating Malaysian toward embracing the idea of circular economy and sustainable consumption. As most countries embrace green technologies, Malaysia has taken proactive steps toward adopting green technology. Among the four main policy priorities are energy, environment, economy, and social, the key to green technology in driving the country's economy while promoting sustainable development. In fact, the major economic drivers of the Malaysian economy involve industrial activities such as palm oil, mining, and manufacturing, which are now beginning to take steps toward the development of green technology development. The application of green technology can provide a balance between economic development and environmental preservation as well as solutions to climate change issues. The initiative aims to make Malaysia one of the best countries in the world with sustainable economic growth, innovation, and prosperous citizens by 2050.

Conceptual interpretations of sustainability and resilience are widening with discursive use and altering the relationship and understanding of both concepts. By using three city case studies in the USA, this paper aims to consider which conceptual interpretations are operational and what is being measured in the context of city policy, municipal planning and built environment practice. With increasing pressures of urbanisation, it is imperative to consider which conceptual interpretations of resilience and sustainability are being measured in frameworks for the built environment if Risk-Informed Sustainable Development across multiple sectors is to be delivered.

Three case studies with semi-structured interviews have been thematically analysed to explore how sustainability and resilience have been operationalised at policy, planning and practice levels.

City policies, municipal planning and practitioners are working with different interpretations. Collectively Risk Informed Sustainable Development is not formally recognised. Policies recognise GHG reductions and natural hazard events; planning guidance stipulates Environmental Impact Assessments based on legal requirements; and practitioners consider passive-survivability and systematic thinking. Across the sectors, the Leadership in Environmental and Energy Assessment Method provides a common foundation but is used with varying requirements.

Decision-makers should incorporate risk-informed sustainable development, update codes of practice and legal requirements leading to exemplary practice becoming normalised.

Passive-survivability should be affordable and adopt risk-informed sustainable development principles.

Three US city case studies with data collected from interviews have been analysed simultaneously at policy, planning and practice levels. Interrelated implications have been outlined on how to improve decision-making of sustainability and resilience across sectors.

The study analyses the effectiveness of the environmental, social and governance (ESG) framework in fostering sustainability. The study utilises a library research by surveying prior literature on issues related to the subject matter. Differing philosophical schools of thoughts of proponents and opponents of the current state of ESG reporting were analysed vis-à-vis their pros and cons, and the resulting outcome of the discourse utilised to set forth a position for engendering sustainable development. The study proposes the development of a holistic integrated framework that incorporates quantitative ESG disclosures with financial reporting, achieved through the monetisation of the ESG indices. The study outlines that despite the perceived herculean nature of the quantification of ESG indices, along with its incorporation into the financial reporting framework, the feat is nevertheless achievable. The integration might, however, be required to occur within phases, as well as a committed participation from the requisite stakeholders. Despite the seemingly precarious nature of the monetisation of the ESG indices, in our opinion, it remains the best bet yet for the promotion of true sustainability of not just the firm, but of the entire planet.