Which of the following statements is not correct about using the balanced scorecard for sustainability accounting?
A) The company could add an additional category to the existing balanced scorecard to capture sustainability objectives and metrics.
B) The company could create a separate balanced scorecard that focuses exclusively on sustainability objectives and metrics within the existing categories.
C) The company could focus exclusively on short-term metrics, creating sustainability in its operations.
D) The company could incorporate sustainability metrics within the existing balanced scorecarD.
The balance scorecard approach is aligned with sustainability accounting because it focuses on long-term goals (not short-term goals) that focus attention on more than simply financial or economic results.

Question

Quizplus · Accepted Answer

The statement "The company could focus exclusively on short-term metrics, creating sustainability in its operations" is not correct because sustainability accounting focuses on long-term goals, not short-term metrics. Therefore, focusing exclusively on short-term metrics would not align with the principles of sustainability accounting. The other three statements are all valid options for using the balanced scorecard for sustainability accounting.

Which of the Following Statements Is Not Correct About Using