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Integrating Environmental and Economic Data: Reporting to Create a National Accounting Framework for the Environment

Organizations and governments have improved their environmental data collection and reporting performance since 1992, but it is still limited and focussed on specific problem solving rather than providing a national accounting framework for addressing environmental problems. In Australia evidence of the consideration of ‘sustainability’ goals in data collection and disclosure is growing through the development of ‘state of the environment’ reporting. The development of integrated environmental, economic and social information to support the application of more radical environmental modernisation ideas by organizations and governments is weak. Private and public sector organization reporting has improved, but there are still insufficient incentives to enhance it. This paper suggests more systematic reporting at the aggregate level by governments is essential if the environment is to be managed in a regular, balanced, sustainable and responsible way.