What is one of the main objectives of sustainability accounting?

One of the main objectives of sustainability accounting is to create long-term value through comprehensive reporting. This approach emphasizes the importance of integrating environmental, social, and governance (ESG) factors into financial reporting. By doing so, organizations can demonstrate how their operations impact these areas and how sustainability initiatives contribute to overall financial health and resilience.

Comprehensive reporting allows stakeholders, including investors, customers, employees, and the community, to understand the full range of an organization's performance beyond traditional financial metrics. It helps in identifying risks and opportunities related to sustainability and fosters transparency, which can enhance trust and engagement with stakeholders. Moreover, creating long-term value is essential not just for the organization itself but also for the broader society and environment in which it operates.

In contrast, the other options focus on narrower aspects of business operations. Improving operational efficiency alone may not consider the social or environmental impacts, measuring social impact exclusively overlooks the intertwining of economic factors, and restricting stakeholder access to information runs counter to the principles of transparency and accountability that sustainability accounting upholds.