The Standardisation of Natural Capital Accounting Methodologies

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Serval ID
serval:BIB_D2D86C105FAA
Type
A part of a book
Publication sub-type
Chapter: chapter ou part
Collection
Publications
Institution
Title
The Standardisation of Natural Capital Accounting Methodologies
Title of the book
Shaping the Future Through Standardization
Author(s)
Maechler Sylvain (co-first), Graz Jean-Christophe (co-last)
Publisher
IGI Global
Publication state
Published
Issued date
27/01/2020
Editor
Jakobs Kai
Pages
27-53
Language
english
Abstract
The global ecological crisis has prompted the development of tools that try to redefine
relations between business and nature, among them, natural capital accounting
methodologies. The International Organization for Standardization (ISO) recently
set standards on which these methodologies are based. Other actors, including the
Big Four audit and accounting firms, developed their own methodologies outside
the scope of ISO. This chapter examines why and how ISO developed natural capital
accounting standards that are likely to compete with other methodologies. From the
assumption that standards are not just technical, but also political instruments, it
argues that they shape the future by creating power relations between actors within
and outside ISO. The chapter suggests that these ISO standards aims at competing
with first-movers’ methodologies, in particular on the power implications resulting
from transparency. It builds the argument on international political economy
approaches to emphasise the link between technical specifications and power
relations in contemporary capitalism.
Keywords
Big Four Audit and Accounting Firms, Ecological Crisis, Environmental Accounting, International Organization for Standardization (ISO), International Political Economy, Natural Capital
Create date
19/01/2020 6:57
Last modification date
30/01/2020 7:10
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