Sustainability accounting in Turkey

Abstract

Sustainability accounting, which arises as a result of the failure of the traditional accounting system to meet the information needs for corporate sustainability, has been examined in this study. Through sustainability accounting, which may be useful for companies by transferring useful information, in addition to collecting, classifying and recording documents, sustainability information has also been included in its contents. As a new concept, sustainability accounting has come to the fore because traditional accounting is not sufficient enough to convey information for corporate sustainability. Sustainability accounting in Turkey is subject to a voluntary basis. Developing a sustainability accounting system which increases the reliability and transparency of the enterprises on social and environmental issues enables more accurate determination of product costs and efficiency in resource utilisation. In the traditional approach to accounting, the use of natural resources is neglected and economic development will accelerate with the inclusion of sustainability accounting as it is not enough for companies to use this method alone. © Springer Nature Singapore Pte Ltd. 2021.