Sustainable Management Accounting Systems for Small and Medium-Sized Businesses

Abstract

The purpose of this chapter is to provide an overview of environmental and sustainability management accounting (EMA) systems that can be adopted by small and medium-sized enterprises (SMEs). It presents a detailed description of how and why corporate sustainability performance is important for SMEs while placing EMA as a decision support tool to aid sustainability-related corporate strategies. Having discussed various EMA tools and techniques, the chapter also provides an integrative framework for EMA adoption which is based on the evolutionary stages of environmental management. This framework aims to guide SMEs to progress from compliance-orientation towards higher order sustainability outcomes. The chapter stresses the need for the SMEs to continuously take deliberate managerial actions with the support of EMA systems to reach the advanced stages of sustainability in an ever-changing business environment.