SUSTAINABILITY COST ACCOUNTING - PART 2: A CASE STUDY IN THE SOUTH AFRICAN PROCESS INDUSTRY

Authors

  • A.C. Brent Chair of Life Cycle Engineering, Department of Engineering and Technology Management, University of Pretoria & Resource Based Sustainable Development, Natural Resources and the Environment, CSIR
  • R.P.G. Van Erck Chair of Life Cycle Engineering, Department of Engineering and Technology Management, University of Pretoria
  • C. Labuschagne Chair of Life Cycle Engineering, Department of Engineering and Technology Management, University of Pretoria

DOI:

https://doi.org/10.7166/18-1-129

Abstract

ENGLISH ABSTRACT: A Sustainability Cost Accounting (SCA) procedure has been introduced that expresses the impacts on sustainable development associated with a developed technology, by means of a common financial denominator. This paper uses a case study to demonstrate and assess the SCA procedure, which considers the construction and operation of a hypothetical Gas-to-Liquid (GTL) fuelmanufacturing facility at a specific location in South Africa. The SCA indicators show that the negative environmental impacts associated with the GTL technology outweigh the internal economic benefits for the company. However, a net positive social benefit is associated with the technology, which decision-makers should consider with respect of the overall sustainability of the technology. Certain limitations of the SCA procedure are highlighted, and recommendations are made to develop such a methodology further.

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Published

2011-11-05

How to Cite

Brent, A., Van Erck, R., & Labuschagne, C. (2011). SUSTAINABILITY COST ACCOUNTING - PART 2: A CASE STUDY IN THE SOUTH AFRICAN PROCESS INDUSTRY. The South African Journal of Industrial Engineering, 18(1). https://doi.org/10.7166/18-1-129

Issue

Vol. 18 No. 1 (2007)

Section

General Articles

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