Bringing tropical forest biodiversity conservation into financial accounting calculation

Accounting, Auditing and Accountability Journal

Volumn 26, Issue 5, 2013, Pages 688-714

  Cuckston, Thomas ^a  

^a NEWCASTLE UNIVERSITY BUSINESS SCHOOL   (United Kingdom)

Author keywords

Biodiversity; Carbon; Conservation; Financial accounting; Kenya; Market construction; Sustainable development

Indexed keywords

EID: 84879698010     PISSN: 09513574     EISSN: None     Source Type: Journal    
DOI: 10.1108/AAAJ-02-2013-1231     Document Type: Article

References (79)

1. Allianz (2012), "Code REDD for environmental protection", available at: www.knowledge.allianz.com/environment/climate_change/?1922/code-redd-for-environmental-protection (accessed 10 July 2012).
2. Andrew, J., Kaidonis, M.A., Andrew, B. (2010), "Carbon tax: challenging neoliberal solutions to climate change" in Critical Perspectives on Accounting, Vol. 21, No. 7, pp. 611-618.
3. BBC (2010), "PM Raila Odinga criticises Kenya MPs' huge pay rise", available at: www.bbc.co.uk/news/10505801 (accessed 9 July 2012).
4. Bebbington, J., Larrinaga-Gonzalez, C. (2008), "Carbon trading: accounting and reporting issues" in European Accounting Review, Vol. 17, No. 4, pp. 697-717.
5. Bebbington, J., Larrinaga-Gonzalez, C., Moneva, J.M. (2008), "Corporate social reporting and reputation risk management" in Accounting, Auditing and Accountability Journal, Vol. 21, No. 3, pp. 337-361.
6. Braun, M. (2009), "The evolution of emissions trading in the European Union - the role of policy networks, knowledge and policy entrepreneurs" in Accounting, Organizations and Society, Vol. 34, Nos 3-4, pp. 469-487.
7. Callon, M. (2009), "Civilising markets: carbon trading between in vitro and in vivo experiments" in Accounting, Organizations and Society, Vol. 34, Nos 3-4, pp. 535-548.
8. Callon, M., Muniesa, F. (2005), "Economic markets as calculative collective devices" in Organization Studies, Vol. 26, No. 8, pp. 745-769.
9. CCBA (2008), "Climate, community and biodiversity project design standards", available at: https://s3.amazonaws.com/CCBA/Upload/ccb_standards_ second_edition_december_2008+(1).pdf (accessed 21 November 2011).
10. Computer Business Review (1995), "Cambridge Technology to acquire Axiom for $19m in shares", available at: www.cbronline.com/news/cambridge_technology_to_acquire_axiom_for_19m_in_shares (accessed 9 July 2012).
11. Convention on Biological Diversity (2004), "The ecosystem approach", available at: www.cbd.int/doc/publications/ea-text-en.pdf (accessed 16 July 2012).
12. Convention on Biological Diversity (2011), "Secretariat of the Convention on Biological Diversity technical series No. 59: REDD-plus and biodiversity" available at: www.cbd.int/ts/ (accessed 6 December 2011).
13. Convention on Biological Diversity (2012), "Indicative definitions taken from the report of the ad hoc technical expert group on forest biological diversity", available at: www.cbd.int/forest/definitions.shtml (accessed 16 July 2012).
14. Cook, A. (2009), "Emission rights: from costless activity to market operations" in Accounting, Organizations and Society, Vol. 34, Nos 3-4, pp. 456-468.
15. Economist (The) (2012), "The rotten heart of finance: a scandal over key interest rates is about to go global", available at: www.economist.com/node/21558281 (accessed 5 December 2012).
16. Ecosystem Marketplace (2011a), "State of forest carbon markets 2011: from canopy to currency", available at: http://forest-trends.org/publication_details.php?publicationID=2963 (accessed 6 December 2011).
17. Ecosystem Marketplace (2011b), "Back to the future: state of the voluntary carbon markets 2011", available at: www.forest-trends.org/documents/index.php?pubID=2828 (accessed 10 July 2012).
18. Encyclopaedia of World Biography (2004), "Mike Korchinsky" available at: www.notablebiographies.com/newsmakers2/2004-Ko-Pr/Korchinsky-Mike.html (accessed 10 July 2012).
19. Gibson, K. (1996), "The problem with reporting pollution allowances: reporting is not the problem" in Critical Perspectives on Accounting, Vol. 7, No. 6, pp. 655-665.
20. Global Carbon Exchange (2012), "Green dollars pour into Africa on back of pioneering carbon offset deal", available at: www.globalcarbonexchange.com/green-dollars-pour-into-africa-on-the-back-of-pioneering-carbon-offset-deal.html (accessed 10 July 2012).
21. Gray, L. (2009), "Carbon neutral guidance is 'greenwash'", The Telegraph, 1 October, available at: www.telegraph.co.uk/earth/earthnews/6252210/Carbon-neutral-guidance-is-greenwash.html (accessed 9 December 2011).
22. Gray, R. (2010), "Is accounting for sustainability actually accounting for sustainability... and how would we know? An exploration of narratives of organisations and the planet" in Accounting, Organizations and Society, Vol. 35, No. 1, pp. 47-62.
23. Groombridge, B., Jenkins, M. (2002), World Atlas of Biodiversity, University of California Press, Ewing, NJ.
24. Hawken, P. (1993), The Ecology of Commerce: How Business Can Save the Planet, Weidenfeld and Nicolson, London.
25. HCV Resource Network (2007), "What is the high conservation value approach?", available at: www.hcvnetwork.org/about-hcvf (accessed 22 November 2011).
26. Herbohn, K. (2005), "A full cost environmental accounting experiment" in Accounting, Organizations and Society, Vol. 30, No. 6, pp. 519-536.
27. Hines, R. (1991), "On valuing nature" in Accounting, Auditing & Accountability Journal, Vol. 4, No. 3, pp. 27-29.
28. Holm, P., Nielsen, K.N. (2007), "Framing fish, making markets: the construction of individual transferable quotas (ITQs)" in Callon, M., Millo, Y. and Muniesa, F. (Eds.), Market Devices, Blackwell Publishing, Oxford, pp. 173-195.
29. Hopwood, A. (2009), "Accounting and the environment" in Accounting, Organizations and Society, Vol. 34, Nos 3-4, pp. 433-439.
30. IPCC (2006), "Guidelines for national greenhouse gas inventories" available at: www.ipcc-nggip.iges.or.jp/public/2006gl/index.html (accessed 9 December 2011).
31. IUCN (2011), "International Union for Conservation of Nature: forest facts and figures" available at: www.iucn.org/about/work/programmes/forest/iyf/facts_and_figure/ (accessed 28 November 2011).
32. Jeacle, I., Carter, C. (2011), "In TripAdvisor we trust: rankings, calculative regimes and abstract systems" in Accounting, Organizations and Society, Vol. 36, Nos 4-5, pp. 293-309.
33. Jones, M.J. (2003), "Accounting for biodiversity: operationalising environmental accounting" in Accounting, Auditing & Accountability Journal, Vol. 16, No. 5, pp. 762-789.
34. Jones, M.J. (2010), "Accounting for the environment: towards a theoretical perspective for environmental accounting and reporting" in Accounting Forum, Vol. 34, No. 2, pp. 123-138.
35. Justesen, L., Mouritsen, J. (2011), "Effects of actor-network theory in accounting research" in Accounting, Auditing & Accountability Journal, Vol. 24, No. 2, pp. 161-193.
36. Kozinets, R.V. (2010), Netnography: Doing Ethnographic Research Online, Sage, London.
37. Latour, B. (1987), Science in Action: How to Follow Scientists and Engineers through Society, Harvard University Press, Cambridge.
38. Lehman, G. (1996), "Environmental accounting: pollution permits or selling the environment" in Critical Perspectives on Accounting, Vol. 7, No. 6, pp. 667-676.
39. Lindsey, R. (2007), "NASA Earth Observatory: tropical deforestation", available at: http://earthobservatory.nasa.gov/Features/Deforestation/ (accessed 21 December 2011).
40. MacKenzie, D. (2005), "Opening the black boxes of global finance" in Review of International Political Economy, Vol. 12, No. 4, pp. 555-576.
41. MacKenzie, D. (2009a), "Making things the same: gases, emission rights and the politics of carbon markets" in Accounting, Organizations and Society, Vol. 34, Nos 3-4, pp. 440-455.
42. MacKenzie, D. (2009b), Material Markets: How Economic Agents are Constructed, Oxford University Press, Oxford.
43. McNicholas, P., Windsor, C. (2011), "Can the financialised atmosphere be effectively regulated and accounted for?" in Accounting, Auditing & Accountability Journal, Vol. 24, No. 8, pp. 1071-1096.
44. Milne, M.J. (1996), "Capitalizing and appropriating society's rights to clean air: a comment on Wambsganss and Sanford's accounting proposal" in Critical Perspectives on Accounting, Vol. 7, No. 6, pp. 681-695.
45. Naumann, S., Anzaldua, G., Berry, P., Burch, S., Davis, M., Frelih-Larsen, A., Gerdes, H., Sanders, M. (2011), "Assessment of the potential of ecosystem-based approaches to climate change adaptation and mitigation in Europe" available at: http://circa.europa.eu/Public/irc/env/biodiversity_climate/home (accessed 6 December 2011).
46. Nedbank (2011a), "Good, clean carbon credits" available at: www.nedbankgreen.co.za/greening-at-nedbank/good-clean-carbon-credits/ (accessed 9 December 2011).
47. Nedbank (2011b), "Nedbank helps Gucci, PUMA and other luxury brands achieve carbon neutrality", available at: www.nedbank.co.za/website/content/corporate/capital_pr_detail.asp?section=press&subsection=Media%20Releases&article=current&prID=1262 (accessed 10 July 2012).
48. Nedbank (2012a), "As Africa's first carbon neutral bank, we've learnt that little changes can make a big difference" available at: www.nedbank.co.za/website/content/carbonneutrality/ (accessed 6 July 2012).
49. Nedbank (2012b), "Nedbank green leadership: displaying Nedbank's commitment to all things green", available at: www.nedbankgreen.co.za/ (accessed 10 July 2012).
50. Nedbank (2012c), "Nedbank green affinity", available at: www.nedbank.co.za/website/content/GreenAffinities/index.asp (accessed 10 July 2012).
51. O'Dwyer, B. (2003), "Conceptions of corporate social responsibility: the nature of managerial capture" in Accounting, Auditing & Accountability Journal, Vol. 16, No. 4, pp. 523-557.
52. Rankin, M., Windsor, C., Wahyuni, D. (2011), "An investigation of voluntary corporate greenhouse gas emissions reporting in a market governance system" in Accounting, Auditing & Accountability Journal, Vol. 24, No. 8, pp. 1037-1070.
53. Reuters (2011), "Kenyan project issues first REDD credits" available at: http://af.reuters.com/article/investingNews/idAFJOE7180DE20110209 (accessed 10 July 2012).
54. Solomon, J.F., Solomon, A., Norton, S.D., Joseph, N.L. (2011), "Private climate change reporting: an emerging discourse of risk and opportunity?" in Accounting, Auditing & Accountability Journal, Vol. 24, No. 8, pp. 1119-1148.
55. Stern, N. (2007), The Economics of Climate Change, Cambridge University Press, Cambridge.
56. TEEB (2010), The Economics of Ecosystems and Biodiversity: Ecological and Economic Foundations, Earthscan, London.
57. Thomas, C.D., Cameron, A., Green, R.E., Bakkenes, M., Beaumont, L.J., Collingham, Y.C., Erasmus, B.F.N., Ferreira de Siqueira, M., Grainger, A. (2004), "Extinction risk from climate change" in Nature, Vol. 427, pp. 145-148.
58. United Nations (2011), "UN-REDD programme: supporting countries to get ready for REDD+" available at: www.unredd.net/index.php?option=com_docman&task=doc_download&gid=4089&Itemid=53 (accessed 23 November 2011).
59. Vollmer, H., Mennicken, A., Preda, A. (2009), "Tracking the numbers: across accounting and finance, organizations and markets" in Accounting, Organizations and Society, Vol. 34, No. 5, pp. 619-637.
60. Wambsganss, J.R., Sanford, B. (1996), "The problem with reporting pollution allowances" in Critical Perspectives on Accounting, Vol. 7, No. 6, pp. 643-652.
61. Wildlife Works (2007), Wildlife Works EPZ: Community Evaluation, available at: www.climate-standards.org/projects/files/taita_taveta_kenya/ww_socio_economic_impact_assessment.pdf (accessed 9 July 2012).
62. Wildlife Works (2010a), "Why REDD?", available at: www.wildlifeworks.com/redd (accessed 16 November 2011).
63. Wildlife Works (2010b), "Wildlife Works Blog: October 2010", available at: www.wildlifeworks.com/blog/2010/10/ (accessed 9 July 2012).
64. Wildlife Works (2010c), Kasigau Corridor, Kenya: An African REDD Project, available at: www.iisd.org/pdf/2010/12_REDDII_Nairogi_KasigauCorridor.pdf (accessed 10 July 2012).
65. Wildlife Works (2011a), "VCS monitoring report: The Kasigau Corridor REDD project phase II - the community ranches", available at: www.vcsprojectdatabase.org/ (accessed 16 November 2011).
66. Wildlife Works (2011b), "Approved VCS methodology VM0009: methodology for avoided mosaic deforestation of tropical forests", available at: www.v-c-s.org/methodologies/VM0009 (accessed 17 November 2011).
67. Wildlife Works (2011c), "Project document (PD) for validation: the Kasigau Corridor REDD project phase 1 - Rukinga Sanctuary" available at: www.vcsprojectdatabase.org/ (accessed 17 November 2011).
68. Wildlife Works (2011d), "VCS monitoring report: The Kasigau Corridor project phase I - Rukinga Sanctuary", available at: www.vcsprojectdatabase.org/ (accessed 21 November 2011).
69. Wildlife Works (2011e), "Project document (PD) for validation: the Kasigau Corridor REDD project phase II - the community ranches", available at: www.vcsprojectdatabase.org/ (accessed 21 November 2011).
70. Wildlife Works (2011f), "The Kasigau Corridor REDD project phase II - the community ranches: project design document", available at: www.climate-standards.org/projects/index.html (accessed 22 November 2011).
71. Wildlife Works (2011g), "The Kasigau Corridor REDD project phase II - the community ranches: project monitoring plan", available at: www.climate-standards.org/projects/index.html (accessed 22 November 2011).
72. Wildlife Works (2011h), "The Kasigau Corridor REDD project phase II - the community ranches: project implementation report", available at: www.climate-standards.org/projects/index.html (accessed 22 November 2011).
73. Wildlife Works (2012a), "Wildlife Works: shop collection", available at: www.wildlifeworks.com/shopcollection/ (accessed 9 July 2012).
74. Wildlife Works (2012b), "The Kasigau Corridor REDD project: phase 1 - the Rukinga Sanctuary: project implementation report: monitoring period 2", available at: https://s3.amazonaws.com/CCBA/Projects/The_Kasigau_Corridor_REDD_Project/The_Kasigau_Corridor_REDD_PIR_Phase_I_2011_V2_1.pdf (accessed 9 July 2012).
75. World Bank (2010), "Convenient solutions to an inconvenient truth: ecosystem-based approaches to climate change", available at: http://climatechange.worldbank.org/climatechange/content/convenient-solutions-inconvenient-truth (accessed 6 December 2011).
76. World Bank (2011), World Bank State and Trends of the Carbon Market, Carbon Finance at the World Bank, Washington.
77. World Bank (2012a), "World databank", available at: http://databank.worldbank.org/data/home.aspx (accessed 9 July 2012).
78. World Bank (2012b), "Benefit sharing schemes: a Kenyan perspective", available at: www.forestcarbonpartnership.org/fcp/sites/forestcarbonpartnership.org/files/Documents/PDF/June2012/Benefit%20Sharing%20Presentation-Kenya-June%204,%202012.pdf (accessed 10 July 2012).
79. Yin, R.K. (2009), Case Study Research: Design and Methods, Sage, London.