The “green account” of the Danish steel works Ltd

Corporate Social Reporting Practices in Western Europe: Legitimating Corporate Behaviour?

“…(See for example: Gray et al, 1993Gray et al, , 1996.) Pioneering developments in corporate social reporting include: the French bilan social (Christophe & Bebbington, 1992); eco-balance sheets, such as that published by the Danish Steel Works (Bank-Jorgensen, 1993); the quantified environmental balance sheet as produced by EniChem (Bartolomeo, 1994) and BSO/Origin's financially quantified environmental accounts (Gray & Symon, 1992;Huizing & Dekker, 1992). Corporate social accountability is likely to be an increasingly important element of the Western European psyche in the years to follow, evidenced not only by corporate, professional and academic developments, but also by the increasing legislative developments of the European Union and European Economic Area requiring greater corporate social responsibility and accountability (see Gray et al, 1996).…”

Accounting for Sustainable Development—A Case Study of City Farm

“…• input-output analysis and exploratory research applying each method is beginning to emerge, see for example Jorgensen (1993);Jasch (1993); Jones (1996); Tan (1996, 1997). Underpinning Gray's suggested methods of accounting for sustainability are the concepts of eco-efficiency and eco-justice.…”

Steps to natural capitalism

“…In Danish Steel A/S, physical units (weights, volumes, energies etc) were substituted for costs in the company's computerized cost accounting system. The result is an analysis of the physical flows through the company that is represented in a physical balance sheet, the Green Account (Jorgensen, 1993;Danish Steel, 1998).…”