24 Aug Introduction to multi-capital accounting C.A.R.E.
CARE accounting (Comprehensive Accounting in Respect of Ecology) is an innovative accounting method that allows companies to take into account financial, environmental and social aspects in their management. The method has been developed by universities and applied over the last 10 years by committed organizations of all sizes.
The scientific soundness of the C.A.R.E. method.
C.A.R.E. accounting makes it possible to verify the sustainability of a company's business model by highlighting actions that are truly compatible with the preservation of ecosystems. It combines the robustness of accounting with a tangible scientific approach to preserve our natural and human ecosystems.
Advantages of implementing C.A.R.E. accounting in a company
The application of C.A.R.E. accounting in a company has several advantages. First of all, it makes it possible to take into account the real needs of nature and human beings, to measure the environmental and social impact and to integrate the budgetary follow-up of actions in the accounting statements. This enables companies to manage their organization by taking into account the natural and human capital to be preserved, with the same level of priority as financial capital.
C.A.R.E. accounting also provides greater transparency on CSR and environmental actions and objectives. It allows companies to demonstrate the contribution of their activities to society and the environment, and to have the means to measure the effectiveness of their performance in relation to their social/social and environmental objectives.
Conclusion
In conclusion, the implementation of CARE accounting in a company offers considerable advantages for integrating financial, environmental and social aspects into its management. It allows companies to verify the sustainability of their business model, to orient their strategy towards sustainable development and to provide greater transparency on their CSR and environmental actions and objectives.