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Bringing tropical forest biodiversity conservation into financial accounting calculation

Thomas Cuckston (Newcastle University Business School, Newcastle University, Newcastle upon Tyne, UK)

Accounting, Auditing & Accountability Journal

ISSN: 0951-3574

Article publication date: 14 June 2013

Issue publication date: 14 June 2013

3367

Abstract

Purpose

This paper seeks to examine how the biodiversity comprising a tropical forest ecosystem is being protected as a result of having its conservation brought into financial accounting calculations by constructing a greenhouse gas emissions offset product to sell on the voluntary over‐the‐counter carbon markets.

Design/methodology/approach

The research examines a single embedded case study of a biodiversity conservation project in Kenya. The resulting discussion builds upon the existing accounting and organisation studies literature regarding the construction of markets.

Findings

Whilst the case examined does successfully bring tropical forest biodiversity conservation into the financial accounting calculations of the sellers and buyers of the offset product, via processes of objectification and singularisation, there are considerable accounting obstacles to constructing a calculative mechanism capable of achieving this on a global scale to facilitate financing of the conservation of all the world's remaining tropical forest biodiversity.

Originality/value

The paper contributes to the debate on accounting for biodiversity by examining market construction as a theoretical framework for turning the loss/conservation of biodiversity from an externality into an entity that is taken into account in organisations' calculations of profit and loss.

Keywords

Citation

Cuckston, T. (2013), "Bringing tropical forest biodiversity conservation into financial accounting calculation", Accounting, Auditing & Accountability Journal, Vol. 26 No. 5, pp. 688-714. https://doi.org/10.1108/AAAJ-02-2013-1231

Publisher

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Emerald Group Publishing Limited

Copyright © 2013, Emerald Group Publishing Limited

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