Our field of expertise is "Sustainability Management Accounting" and we help companies understand the impact of non-financial data on financial information.
We incorporate economic, environmental, and social components to support internal decision-making.
We set up the process of identifying, measuring, reporting, and analysing financial and sustainability-related information.
Sustainability Management Accounting support the internal decision making by providing structured data driven information about the companies’ financial and long-run competitive performance.
Sustainability Management Accounting is a management approach that measures, reports and analyses financial and sustainability-related information together. A process oriented view on operations helps to provide valuable feedback information about the efficiency and quality of tasks performed in each process.
Sustainability Accounting seek to improve the identification and measurement of sustainability costs related to product or service. In order to better understand and manage sustainability related costs, accounting tools such as Activity Based Costing and Life Cycle Assessment can be used to break down the overall costs.
The design of a Sustainability Management Accounting system should also consider incentives and provide information about the performance of managers and operating units.
Sustainability is many times mistakenly treated as marketing strategy focusing on external communication or as compliance exercise evaluating the risks. Understanding the full picture of how sustainability information impact the result of a company, will give early movers advantages. Financial directors and the accounting teams play an important role in providing insights in Sustainability Accounting and translating Sustainability information to financial terms.
As Sustainability becomes increasingly important part of a company's overall business strategy, we help the Management Team with answers to some of the critical questions on the topic and make sense of ESG data.