ACCOUNTING FOR WATER MANAGEMENT: A SYSTEMATIC REVIEW OF THE LITERATURE (SLR) ON WATER RESOURCES REPORTING AND MEASUREMENT

Abstract

This study discusses the importance of accounting in water resource management through a Systematic Literature Review (SLR). Water accounting is a crucial tool to ensure transparent and sustainable reporting and measurement of water use. This study identifies challenges in reporting standards and integration with sustainability frameworks, such as the Global Reporting Initiative (GRI). In addition, it was found that water reporting is still dominated by quantitative aspects (volume), while water quality risks and impacts are less considered. The results of the study emphasize the importance of comprehensive reporting to improve transparency, accountability, and corporate reputation, especially in supporting the achievement of the Sustainable Development Goals (SDGs). Research suggestions include the development of more holistic accounting standards and the use of technology for real-time data-based water accounting.