Which of the following statements is correct about sustainability accounting?
A)Sustainability accounting has been in existence since 1592.
B)Sustainability accounting tracks a company's "green" score.
C)Sustainability accounting aims to provide managers a broad set of information to meet the needs of multiple stakeholders.
D)Sustainability accounting is a subset of GAAP applied only to socially responsible companies.

Question

Quizplus · Accepted Answer

Sustainability accounting aims to provide managers with a broad set of information that goes beyond traditional financial measures in order to meet the needs of multiple stakeholders, including investors, employees, suppliers, customers, and the natural environment. It is not a new practice as suggested in option A, nor is it limited to tracking "green" scores as in option B. Option D is incorrect because sustainability accounting is not a subset of GAAP (Generally Accepted Accounting Principles), but rather a complementary approach that goes beyond traditional financial reporting.

Which of the Following Statements Is Correct About Sustainability Accounting