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A Sustainability Accounting: Case Study on Exploration, Production and Midstream Activities at Maersk Oil

Author

Listed:
  • Saeid Homayoun

    (Department of Business and Economic Studies, Faculty of Education and Economics, University of G vle, Sweden)

  • Faisal F. J. Al-Thani

    (Deputy Managing Director, Maersk Oil, Qatar)

  • Sakine Homayoun

    (Seniro Auditor, Arian Hesab Audit Firm, Iran)

Abstract

This paper gives a short introduction to sustainable accounting and its essential measurement problems. The greatest challenge seems to be how companies should create sustainability reports that achieve the demands for transparency and accuracy. Because the current frameworks vary considerably, the development of standards and guidance to report sustainability will most likely continue to evolve. This study proposes a model to Maersk Company allowing them to use a sustainability accounting framework as guidance for disclosure of material sustainability and accounting metrics to determine sustainability-related risks and opportunities it faces using the sustainability accounting standard for the oil and gas industries, particular to exploration, production and midstream activities.

Suggested Citation

  • Saeid Homayoun & Faisal F. J. Al-Thani & Sakine Homayoun, 2016. "A Sustainability Accounting: Case Study on Exploration, Production and Midstream Activities at Maersk Oil," International Journal of Energy Economics and Policy, Econjournals, vol. 6(1), pages 20-27.
    • Handle: RePEc:eco:journ2:2016-01-04
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    References listed on IDEAS

    as
    1. Carl‐Johan Hedberg & Fredrik von Malmborg, 2003. "The Global Reporting Initiative and corporate sustainability reporting in Swedish companies," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 10(3), pages 153-164, September.
    2. Güler Aras & David Crowther, 2008. "Developing sustainable reporting standards," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 9(1), pages 4-16, June.
    3. Andreas Christofi & Petros Christofi & Seleshi Sisaye, 2012. "Corporate sustainability: historical development and reporting practices," Management Research Review, Emerald Group Publishing Limited, vol. 35(2), pages 157-172, January.
    4. David Wheeler & John Elkington, 2001. "The end of the corporate environmental report? Or the advent of cybernetic sustainability reporting and communication," Business Strategy and the Environment, Wiley Blackwell, vol. 10(1), pages 1-14, January.
    5. Güler Aras & David Crowther, 2008. "Developing sustainable reporting standards," Journal of Applied Accounting Research, Emerald Group Publishing Limited, vol. 9(1), pages 4-16, June.
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    Cited by:

    1. Fikret Korhan Turan & Saadet Cetinkaya, 2022. "The role of aesthetics and art in organizational sustainability: A conceptual model and exploratory study in higher education," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(1), pages 83-95, February.
    2. Obiamaka Adaeze Nwobu & Collins Ngwakwe & Akintola Owolabi & Kingsley Adeyemo, 2021. "An Assessment of Sustainability Disclosures in Oil and Gas Listed Companies in Nigeria," International Journal of Energy Economics and Policy, Econjournals, vol. 11(4), pages 352-361.

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    More about this item

    Keywords

    Sustainability Accounting; Measurement Problems; Oil and Gas Industries;
    All these keywords.

    JEL classification:

    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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