engleski

Accounting information for sustainability management in the hospitality industry

Sustainable development has become a concept of key importance to hospitality industry, because hotels are increasingly under pressure to change and adapt their business practices to become more responsible. Hospitality industry is not only one of the largest industries in the world, but it is also a big consumer of energy and water and has certain impact in the natural environment, economy, culture and society development. In order to implement sustainable business development, companies in hospitality industry used concepts and instruments of sustainability accounting for preparing information in accordance with the sustainability management requirements. Sustainability management consists of the entrepreneurial task of successfully meeting the ecological, social and economic challenge. In taking day-to-day decisions, managers in hospitality industry need relevant information, provided by sustainability accounting. It is in an early stage of development, and includes different types of measurement and reporting about environmental (biodiversity conservation, water use and quality, waste, greenhouse gas emissions, renewable energy…), social (salary and working conditions, child and/or forced labor, workforce health and safety, community health and safety, human rights… ) and economic (expenditure in local economy, technology exchange and support, improving compliance standard, contribution to taxes / revenue. livelihoods ….) performance. Using different instruments, methods and techniques, will be presented how can sustainability accounting prepare and report information, based on using GRI sustainability indicators and adapted to the specific needs of manager in the hospitality industry. Integrated sustainability performance measurement places emphasis on minimization of environmental impacts, maximization of internal & external economic profit and maximization of social well-being of all stakeholders in hotel companies and their environment.

accounting; accounting information; sustainability management; hospitality industry

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