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DartBoards and Clovers as new tools in sustainability planning and control

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  • Massimiliano Bonacchi
  • Leonardo Rinaldi

Abstract

Among organizations that recognize that a multidimensional perspective is necessary to integrate stakeholder needs into a long term value creation process, only in a few cases are performance measurement systems able to integrate financial indicators with social and environmental metrics. This paper first discusses the sustainability concept for management accounting purposes. After reviewing the literature addressing performance measurement system issues, the paper offers a view as to how implementation of management accounting for sustainability could progress. We suggest a performance measurement system based on two managerial instruments that organize a set of primary and secondary measures, connected with stakeholder satisfaction, and are able to detect and articulate both win–win and trade‐off situations. Copyright © 2007 John Wiley & Sons, Ltd and ERP Environment.

Suggested Citation

  • Massimiliano Bonacchi & Leonardo Rinaldi, 2007. "DartBoards and Clovers as new tools in sustainability planning and control," Business Strategy and the Environment, Wiley Blackwell, vol. 16(7), pages 461-473, November.
    • Handle: RePEc:bla:bstrat:v:16:y:2007:i:7:p:461-473
    DOI: 10.1002/bse.596
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    References listed on IDEAS

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    1. Fabio Caputo & Stefania Veltri & Andrea Venturelli, 2017. "Sustainability Strategy and Management Control Systems in Family Firms. Evidence from a Case Study," Sustainability, MDPI, vol. 9(6), pages 1-23, June.
    2. Mia Kaspersen & Thomas Riise Johansen, 2016. "Changing Social and Environmental Reporting Systems," Journal of Business Ethics, Springer, vol. 135(4), pages 731-749, June.
    3. Benjamin Karatzoglou & Ioannis Spilanis, 2010. "Sustainable tourism in Greek islands: the integration of activity‐based environmental management with a destination environmental scorecard based on the adaptive resource management paradigm," Business Strategy and the Environment, Wiley Blackwell, vol. 19(1), pages 26-38, January.
    4. Kaveh Asiaei & Nick Bontis & Omid Barani & Ruzita Jusoh, 2021. "Corporate social responsibility and sustainability performance measurement systems: implications for organizational performance," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 32(1), pages 85-126, March.
    5. Chavatip Chindavijak & Kongkiti Phusavat & Pekka Kess & Suparerk Sooksamarn, 2016. "Transformation to Enterprise Sustainability Case Studies of Manufacturing and Service Enterprise in Thailand," Managing Innovation and Diversity in Knowledge Society Through Turbulent Time: Proceedings of the MakeLearn and TIIM Joint International Conference 2016,, ToKnowPress.
    6. Nathalie Crutzen, 2013. "Corporate Sustainability, Strategy And Accounting Controls: An Exploration Of Corporate Practices," Post-Print hal-00997955, HAL.
    7. Rüdiger Hahn, 2013. "ISO 26000 and the Standardization of Strategic Management Processes for Sustainability and Corporate Social Responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 22(7), pages 442-455, November.
    8. Marc J. Epstein & Sally K. Widener, 2011. "Facilitating sustainable development decisions: measuring stakeholder reactions," Business Strategy and the Environment, Wiley Blackwell, vol. 20(2), pages 107-123, February.
    9. Kaveh Asiaei & Ruzita Jusoh & Omid Barani & Arash Asiaei, 2022. "How does green intellectual capital boost performance? The mediating role of environmental performance measurement systems," Business Strategy and the Environment, Wiley Blackwell, vol. 31(4), pages 1587-1606, May.
    10. Assunta Di Vaio & Luisa Varriale, 2018. "Management Innovation for Environmental Sustainability in Seaports: Managerial Accounting Instruments and Training for Competitive Green Ports beyond the Regulations," Sustainability, MDPI, vol. 10(3), pages 1-35, March.
    11. Jonathan Pryshlakivsky & Cory Searcy, 2017. "A Heuristic Model for Establishing Trade-Offs in Corporate Sustainability Performance Measurement Systems," Journal of Business Ethics, Springer, vol. 144(2), pages 323-342, August.
    12. Timo Busch & Marcel Richert & Matthew Johnson & Sven Lundie, 2020. "Climate inaction and managerial sensemaking: The case of renewable energy," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(6), pages 2502-2514, November.
    13. Valenzuela, Lionel & Maturana, Sergio, 2016. "Designing a three-dimensional performance measurement system (SMD3D) for the wine industry: A Chilean example," Agricultural Systems, Elsevier, vol. 142(C), pages 112-121.
    14. Sara De Masi & Agnieszka Słomka‐Gołębiowska & Claudio Becagli & Andrea Paci, 2021. "Toward sustainable corporate behavior: The effect of the critical mass of female directors on environmental, social, and governance disclosure," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 1865-1878, May.
    15. Nathalie Crutzen, 2013. "Corporate Sustainability, Strategy And Accounting Controls: An Exploration Of Corporate Practices," Post-Print hal-00996790, HAL.
    16. Kai-Michael Griese & Gerrit Hirschfeld & Simon Baringhorst, 2019. "Unternehmen zwischen Digitalisierung und Nachhaltigkeit – eine empirische Untersuchung," Sustainability Nexus Forum, Springer, vol. 27(1), pages 11-21, March.
    17. Alina Almã?an & Cristina Circa & Mãdãlina Dumitru & Raluca Gina Gu?e & Drago? Marian Mangiuc, 2019. "Effects of Integrated Reporting on Corporate Disclosure Practices regarding the Capitals and Performance," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 21(52), pages 572-572, August.
    18. Elena, Scattola, 2010. "Sostenibilità e sviluppo sostenibile. Evoluzione del concetto," MPRA Paper 37201, University Library of Munich, Germany.

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