UTICAJ ODRŽIVOG POSLOVANJA I KOMPANIJA PRIRODNE IMOVINE NA PROMJENE U KORPORATIVNOM I JAVNOM SEKTORU BOSNE I HERCEGOVINE
THE IMPACT OF SUSTAINABLE BUSINESS AND NATURAL ASSET COMPANIES ON CHANGES IN THE CORPORATE AND PUBLIC SECTOR OF BOSNIA AND HERZEGOVINA

Author(s): Tajana Serdar Raković, Branka Topić Pavković
Subject(s): Business Economy / Management, Energy and Environmental Studies, Economic development, Environmental interactions, Accounting - Business Administration
Published by: Finrar d.o.o Banja Luka
Keywords: natural asset companies; sustainable business; ecosystem accounting; natural capital accounting; green transition; sustainable development;
Summary/Abstract: Stocks of natural resources are decreasing at a high rate worldwide, considering that the level of their exploitation is much higher than the rate of natural renewal. In order to respond to the substantial and complex challenges of climate change and the transition to a more sustainable economy, in 2021 the New York Stock Exchange (NYSE) and the Intrinsic Exchange Group (IEG) have introduced a new class of listed companies on the New York Stock Exchange whose activities are firmly linked to the benefits provided by nature (ecosystem services). Natural asset companies (NACs) enable owners to convert the value of nature into capital, using it to reinvest in natural resources in order to protect them. Natural asset companies represent a potentially major shift in the corporate sector globally, bringing together the interests of capital owners for profit and governments for sustainable development. Investors –interest in investing in these companies is very high, because the innovative class of assets on the New York Stock Exchange rejects the assumption that the preservation of natural resources is only a cost. The new category of companies also initiates a series of new challenges in the financial and accounting sector, related to the development of accounting solutions for integrating natural assets into financial statements. The main goal of our research is to examine the impact of the trend of sustainable business and new natural asset companies on the corporate and public sector in Bosnia and Herzegovina and what will be the role of natural assets in changes in business operations and financial reporting in the future

• Details
• Contents