Environmental Management Accounting

Dominant politics desires evidence-based environmental decision-making, employing facts. Grounded in an ethnography of the production of corporate carbon footprints, environmental facts are analysed as the effect of work and data processing. In the practical reality of work, environment exists in a hybrid and tactical dataspace. Implications for environmental politics question premises of both, ecological modernisation and state control of the environment.

Corporate carbon footprint data has become ubiquitous. This data is also highly promissory. But as this paper argues, such data fails both consumers and citizens. The governance of climate change seemingly requires a strong foundation of data on emission sources. Economists approach climate change as a market failure, where the optimisation of the atmosphere is to be evidence based and data driven. Citizens or consumers, state or private agents of control, all require deep access to information to judge emission realities. Whether we are interested in state-led or in neoliberal 'solutions' for either democratic participatory decision-making or for preventing market failure, companies' emissions need to be known. This paper draws on 20 months of ethnographic fieldwork in a Fortune 50 company's environmental accounting unit to show how carbon reporting interferes with information symmetry requirements, which further troubles possibilities for contesting data. A material-semiotic analysis of the data practices and infrastructures employed in the context of corporate emissions disclosure details the situated political economies of data labour along the data processing chain. The explicit consideration of how information asymmetries are socially and computationally shaped, how contexts are shifted and how data is systematically straightened out informs a reflexive engagement with Big Data. The paper argues that attempts to automatise environmental accounting's veracity management by means of computing metadata or to ensure that data quality meets requirements through third-party control are not satisfactory. The crossover of Big Data with corporate environmental governance does not promise to trouble the political economy that hitherto sustained unsustainability.

Purpose – The purpose of this paper is to identify the development and implementation of Environmental Management Accounting (EMA) and environmental management at the level of a firm in the hotel sector in Sri Lanka. Design/methodology/approach – Case study method was used in the study. The primary data were collected through semi-structured interviews supported by observations of various facility centers (on-site assessment). Accounting records such as the Green Book, daily and monthly material and energy records, online resources and various other documents were content analyzed as sources of secondary data. Findings – The study observed that the hotel had reinvigorated some of its environmental management and EMA practices in an urgent, cost-saving bid when faced with a financial crisis. Having realized their cost-saving potential and strategic benefits, the management developed these selective practices over time into comprehensive practices that are integrated into the daily ma...

There is an increasing awareness among all the stakeholders about the importance of the Corporate Social Responsibility of the firms, especially in green concepts. The Environmental Accounting deals with the assessment and disclosure of environment related information. The environment related information helps to take both internal and external decision making of the organization. Environmental Management Accounting (EMA) deals with the internal decision making related to the environmental performance of the organization. This paper reviews the internal decision making tools in taking business decision regarding environmental consideration.

In today’s world, advanced nations are enthusiastically performing environmental activities to capture the definitive attainment of financial advantage. Emerging and developing nations are also capturing them gradually. The adoption of environmental management systems and the application of environmental accounting practices are the key tools to meet the financial advantage through increasing the cost advantage. This paper examines the impact of the adoption of environmental management systems and the application of environmental accounting practices with an environmental cost advantage. We gather 268 responses from the respondents by the convenient sampling method and employ the Structural Equation Modelling (SEM) technique to find the effect. We use Smart PLS version 3.3. to conduct the analysis. We find robust evidence that the more the adoption of environment systems (e.g., Pollution-prevention, the innovation of technologies, early adoption of environmental issues), the higher ...

There is an increasing awareness among all the stakeholders about the importance of the Corporate Social Responsibility of the firms, especially in green concepts. The Environmental Accounting deals with the assessment and disclosure of environment related information. The environment related information helps to take both internal and external decision making of the organization. Environmental Management Accounting (EMA) deals with the internal decision making related to the environmental performance of the organization. This paper reviews the internal decision making tools in taking business decision regarding environmental consideration.

The time has arrived to redefine, reorient business perception about business profits in the present global warming, global booming of pollution, climate change. It is the time to redefine financial accounting, recording costs and revenue, profit, divisible profit and rename it as environmental adjusted profits, environmental adjusted divisible profits, environmental adjusted EPS. It is the time to harmonise traditional financial bottom-line with environmental bottom-line new form of accountability but also new form of accounting. This research is conceptual in nature and based on secondary data. The limitations of the study is based on 41 companies GRI reporting on sustainability. The users of this research article-Academician, professional, training organisations can make use of this resources to bring change to implement environmental accounting with new perspective of conservative principle of environmental financial reporting. The researcher has studied the relationships between environment accounting variables and profitability variables. It is concluded that there is a positive correlation between the Net profit and independent environmental accounting energy variables in south India based organizations.

Previously EMA was suggested as the interface between environmental management strategies and management reporting in an organization. In other words, EMA is used as a decision support tool when adopting various environmental strategies. EMA, if carefully interwoven with the environmental strategy of an organization, will bring many benefits to an organization. A carefully designed EMA system is paramount in this regard. Many external and internal factors such as nature of product/service and operations, regulations, organizational structure, history and ownership, environmental conditions and availability of resources, however, will determine the nature of the EMA system. Yet, a common broad framework for successful adoption/implementation of EMA can be presented as follows