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The political factors of a country have a high influence over the economic development process. Economic development came at a high cost to the environment, from climate change to biodiversity loss when the government’s development policies disdain environmental aspects. People of lower socio-economic countries are disproportionately affected by environmental hazards related to irresponsible economic development which is sometimes disregarded by the political leaders. These politics-induced economic development causes the degradation of environmental quality and damages the ecological structures and processes upon which it depends, which have ultimately raised the question of environmental sustainability of the future generation. With the name of increasing living standards through frenetic economic activity, the world community has been destroying the natural resources and global ecosystems without conserving for the next generations’ well-being. However, using a qualitative approach, the chapter reflects the correlations among the political determinants and the economic development, and examines the issues that impede environmental sustainability. It explores how politics and economic development have driven environmental degradation and accelerated climate change. The chapter minimises the knowledge gaps in politics, development, and environment nexus by providing a comprehensive account of the dynamic interplay between different variables.

The purpose of this chapter is to give an interpretation to the limits of Indonesia’s forestry policy through the sustainable development approach analyzing the crossroads between economic development and environmental sustainability. There is an expansion and intensification of industrial plantations such as palm oil, as part of the economic development strategy, which must coexist with ongoing efforts of conservation of forest resources in the pursuit of environmental sustainability, including policies such as the Forest Moratorium.

The study explores the influence of the economic development of the palm oil industry in the environmental sustainability of the Forest Moratorium during the period 2011–2014. A case study on the Forest Moratorium is presented analyzing the operativeness of sustainable development principles in the discourse and concrete actions of this specific policy.

The study evidences that there is a basic problem in Indonesia’s forestry policy and the sustainable development approach, not only because of its inherent contradictions, but also due to the flaws in its interpretation and implementation. It is necessary to rethink the sustainable development, its scopes and limitations, taking into consideration its hybridity, dynamism, and constant transformation. It is also necessary to consider the feasibility of a paradigm shift or a search for sustainable solutions based on other parameters. One way of doing it should include a more participatory approach with a joint work by the government, local communities, nongovernmental organizations, the private sector, and academia.

First, as this is a case study the findings are not generalizable; and second, the social dimension of sustainable development is not incorporated in its entirety, as this study focuses mainly on the economic and environmental dimensions.

The findings contribute to the discussion in the theoretical and public policy fields, on the crossroads between economic development and environmental sustainability in the international agenda for sustainable development.

The study allows capturing the discussion in a concrete case and learning from the experience of Indonesia, its institutional failures, and the causes of its environmental problems.

The purpose of this paper is to discuss the relation between the ISO 14001 standard and sustainable development, and to present a case study of the energy sector in Poland in order to provide an example of the influence of the environmental management system according to ISO 14001 on environmental quality and sustainable development.

The relation between sustainable development and the environmental management system related to the ISO 14000 series is discussed by comparing these series with the ICC Business Charter for Sustainable Development. The case study is based on the analysis of the fulfilment of environmental goals and tasks, which are part of the environmental management system, introduced in the company under research.

The case study provides arguments that the ISO 14001 standard may support sustainable development, in particular when standard legal enforcement mechanisms are weak.

The introduction of standards for business may be a tool for achieving sustainable development.

The paper shows an example of opportunity for business to contribute to sustainable development.

The paper attempts to revisit the nexus between economic growth, carbon emissions, trade openness, financial effectiveness and FDI for a sample of seven developed and developing countries using curvilinear relationship as per environmental Kuznets curve (EKC) hypothesis over long term.

The authors determine the unit root properties of variables (using Clemente–Montañés–Reyes unit root test with double mean shifts and AO model and augmented Dickey–Fuller test) for structural breaks at different levels. Autoregressive distributed lag (ARDL) and error correction model (ECM) methodology was used to estimate long- and short-run parameters among the selected variables in sample countries from 1965 to 2016. Vector error correction (VEC) and Granger causality approach was used to determine the direction of causality.

The authors confirmed long-run relationship among the variables and highlighted high economic growth and energy consumption as the main causes of environmental degradation. While in India financial development and FDI inflows depict a negative association with environmental sustainability, however, such relationship was positive in the United Kingdom (UK), which is often considered as a benchmark for policymakers. The authors’ findings were in agreement with existing research insights in reporting FDI and financial development as the major contributors towards (unsustainable) sustainable environment through emissions in case of (developing country like India) developed country like UK. For other sample countries (China, Brazil, Japan, South Africa, United States of America (USA)), the authors’ model failed to capture financial development and FDI as significant contributors of carbon emissions. However, unidirectional causality running from energy to carbon emission was observed leading to the policy adoption of incentivizing alternative energy-based resources to increase energy efficiency across the energy value chain.

Manufacturing with renewable energy, in collaboration with private and foreign players, under an institutional framework is desirable. Policy instruments including mandatory administrative controls, economic incentives and voluntary schemes that promote energy efficiency building blocks need to be established. A sound legal system for implementing technological innovation, financial subsidy incentives, interest-free loan programmes and development of financial sector supports creation and thriving of energy efficient units, often a perquisite for accelerated development.

By undertaking a comparative analysis, the authors address the research gap through revisiting EKC hypothesis with different set of trade policy and financial development framework. To the best of the authors’ knowledge, earlier studies were limited to one-country data analysis and did not consider the comparative data set of developed and developing countries with reference to financial development and FDI components.

A series of environmental pollution issues and economic improvement go hand in hand. Since financial listed companies contribute significantly to the national economic development, China has been paying increasing attention to the development of the financial industry. The purpose of this paper is to explore the relationship among the development level of the financial industry, over-investment of the listed companies and environmental pollution through a macro-level and micro-level mechanism.

In this study, we adopt the 2011–2017 panel data of listed companies in the manufacturing industry to study the impacts of the financial industry on environmental pollution. Meanwhile, the paper uses a mediator model, and over-investment is introduced to the econometric model as a mediator to explore whether the development of the financial industry can affect the environmental pollution through over-investment.

A U-shaped relationship between financial industry development and environmental pollution was observed through a macro-perspective; additionally, over-investment of the listed companies significantly increased environmental pollution, along with a significant mediator effect of over-investment. A significant positive correlation was observed between financial industry development and environmental pollution in the East region of China, while the correlation was negative in the Central and West regions. The mitigation effect of financial industry development on environmental pollution was more significant in the low-end manufacturing industry, compared with basic and high-end manufacturing industries.

Strengthening the incentives and supervision toward company managers, reducing over-investment behaviors, encouraging suitable financial industry development to reduce financial risks, improving environmental conservation laws and regulations, and implementing stringent penalty mechanisms for environmental conservation are necessary.

The purpose of this paper is to identify mechanisms and approaches involved in the local construction industry to enhance environmental concerns and the adoption of capacity development model to manage the environment and up keeping of the quality in Malaysian construction industry.

This paper describes an innovative approach to understanding the role of internal and external influence through LEGO® concept. This approach builds on the theory of change management, in which includes learning about the domain of enabling environment, organisation, individual and knowledge management process. New ideas, practices or technologies occur through integration of efforts particularly from the above mentioned domains. The approach also analyses the challenges faced by construction stakeholders. It draws on findings from different studies including some other countries of sustainability in which the engagement of previous research has been incorporated to further enhance the construction and environmental quality in the Malaysian construction industry.

Environmental sustainable development construction requires a holistic thinking and decision making and more innovative solutions that enhance sustainability and result in mutually benefited outcomes for all stakeholders. A dedicated effort especially government and government link company is in strong demand. A valid reason for capacity development to develop in organisations and individuals to perform functions needed to keep green management operating and evolving to meet new challenges. The construction sector will benefit from learning advances in capacity development which are designed to improve and enhance construction and environmental quality governance. The coverage of LEGO® conceptual framework at which capacity development operates was identified in each domain of change management.

A limitation of the study was the relatively little literature information provided and thus affects the expounding and reliability of data. For this reason, these findings cannot be generalised to the other countries based on this study alone. The access to information is limited as public and private organisations hesitate to share information on their strategic planning and tactics.

Development of capacity development model will contribute to the understanding of environmental sustainability through identifying gaps in the understanding and pursuit of construction and environmental quality in the Malaysian construction industry. This paper suggests the future prospect that integrates several dimensions towards green management practice in Malaysia.

The main purpose of this paper is to illustrate the role of accounting and accounting professionals in sustainability by conducting an in-depth literature review.

This is a review-based article that does not contain empirical research. A comprehensive literature research was conducted by using online databases of selected scientific publishers and using keywords such as accounting, accounting professionals, sustainability, sustainability reporting and sustainability accounting. In addition to that, web pages of the accounting regulatory bodies and four big audit companies were also investigated.

Based upon the literature survey, it can be said that there is a lack of defining the relationship between the sustainability concept and accounting and also potential solutions to overcome the problems which create challenges for accounting and accounting professionals.

The only limitation of the study can be explained as it being a literature survey.

It is expected that the results of the paper will appear in several applications among accounting professionals, the firm that they work in, the association of professional accountants, education institutions and all the stakeholders of accounting, especially in countries with the relatively early stage of sustainability practices. The paper may give insight into aforementioned stakeholders of accounting in reformation of accounting toward sustainability.

The main contribution of this paper is to fulfill the gap in the accounting and sustainability literature by suggesting “certified sustainability accountant” credential that is equipped with core knowledge of environmental engineering as a specialized profession to handle the technical accounting problems that are related to sustainability.

Aims to describe how the concept of sustainable development, with a focus on the ecological dimension, can be applied practically in an institution for higher education and research. The institution used as an example is Mälardalen University in Västerås, Sweden. Encompasses literature studies and conclusions from practical experience in implementing and maintaining the environmental management system at Mälardalen University. Begins with a review of the concept of sustainable development based on the report “Our common future”, presented by the Commission on Environment and Development in 1987. Then briefly summarises “Agenda 21”, the document from the Rio conference in 1992. Then describes the sector principle, which has been adopted in Sweden by its Riksdag (the Swedish parliament) and government. Then reviews European, regional, and national strategies for a sustainable development within the bounds of higher education and research, followed by a report of the University's work to translate these strategies into practice. The report describes the University's work to integrate the environmental management system within the bounds of training and research and daily operations.