Revisiting Performance Measurement and Management Control Systems at the Edge of Sustainable Development and Mandatory Sustainability and Carbon Disclosure Standards

This chapter discusses performance management and measurement system as well as management control system (MCS) and how conventional MCS has been required to be revisited in the emergence of sustainable development and evolving sustainability regulations in recent years. The aim of this chapter is to provide a detailed discussion on sustainable development, sustainability regulation announced by the accounting regulator, namely the International Sustainability Standards Board in mid-2023, the impact of new standards on MCS and changing attention on MCS and emphasise on new concept/theme such as sustainability control system (SCS) due to new sustainability regulations. Through this chapter discussion, the monograph would be additionally beneficial for both academic scholars and practitioners, particularly, for developing countries scholars who will be interested in conducting research in developing countries’ topics on sustainability, MCS issues and integration of MCS with SCS. Overall, the chapter of this monograph is likely to shed further light by offering discussion on the latest MCS and SCS issues and offering an additional glimpse into the topic under investigation.