With the consequences of climate change manifesting themselves, the awareness that corporations must contribute to mitigating and adapting to the climate catastrophe has grown. 1 As commentators point out, accounting might have a role to play here. By providing a language for assessing the economic, environmental, and social trade-offs that firms face, Peter Bakker, the CEO of the World Business Council for Sustainable Development, recently reiterated his credo that “accountants will save the world”(ICAEW, 2021). From an academic point of view, the long-standing strand of social and environmental accounting research has been advocating “developing a social accounting that takes an accountability, community and environment-centered approach”(Gray, 1992, p. 400) for a long time. While sustainability reporting2 has gained considerable traction over the years (KPMG, 2022), many point out that this form …