Measuring social value created in sustainability accounting: A case of a leading financial company in Korea

초록

This case study illustrates the development of a social value measurement framework as a managerial tool, created by a leading financial company in collaboration with a top business school in Korea. While sustainability accounting is often viewed primarily as a tool for materiality disclosure and regulatory compliance, it should also be developed as a management toolkit to support decision-making. By evaluating a company's investments in and performance of sustainability initiatives, it can offer valuable insights into areas for improvement. As such, this case study presents a comprehensive methodology that establishes principles and procedures for measuring social value, translating the impact of sustainability initiatives into monetary terms (with specific examples). This case study serves not only as a practical reference for professionals seeking to develop strategic tools for sustainability decision-making but also as a critical foundation for future empirical research in sustainability accounting. Further, it will help assess the environmental and social benefits generated by a company's sustainability strategy and implementation. (c) 2025 Kelley School of Business, Indiana University. Published by Elsevier Inc. All rights are reserved, including those for text and data mining, AI training, and similar technologies.

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