ABSTRACT
This chapter considers corporate accountability mechanisms which can support frugal innovations (FIs) in achieving sustainable development. It utilises a comparative approach for analyzing the risks associated with meeting organisational goals including sustainability goals in top-down and bottom-up FI settings, and the role of accountability and governance mechanisms such as stakeholder engagement, strategic sustainability planning, and sustainability disclosure practices. The chapter provides an analytical framework that helps identify how the alignment of selected corporate accountability mechanisms such as stakeholder engagement, strategic sustainability management, and sustainability disclosure practices can help maximise the expected impacts of FIs–both for the firm and for society. FI has been linked to sustainable development along three dimensions: ecological, social and economic. Many organisations lack a strategic planning approach to sustainability issues and follow unsystematic procedures in measuring sustainability performance, which may lead to negative impacts for the organisation and society.
