Accounting for Degrowth: Rethinking IFRS Through Transformative Legal Frameworks

This research investigates the transformative potential of international accounting law in the context of ecological sustainability and degrowth. It focuses on the International Financial Reporting Standards (IFRS), a globally dominant accounting framework, and explores how its principles and structures can be reimagined to reflect ecological and social debts. The project draws on the CARE (Comprehensive Accounting in Respect of Ecology) model, which proposes a shift from fair value accounting to historical cost accounting, treating nature and humanity as capitals to be preserved rather than exploited. By integrating systems theory with degrowth scholarship, the research aims to develop a normative and analytical framework for reforming IFRS standards.