Environmental Accounting-An Analytical Approach with special reference to India
DOI:
https://doi.org/10.34140/bjbv7n1-048Palavras-chave:
environmental accounting, environmental degradation, environmental resources, corporate, sustainabilityResumo
Proclivity apropos global warming and environmental devastation worldwide has been big issue. Environmental accounting has appeared as an intrinsic mechanism for adjudging the financial aftermath of environmental sustainability, principally in nascent economy like India. Rationale for this study rests in growing environmental challenges and crappy tie-in of ecological costs into corporate accounts. Howbeit statues, challenges outlive in successful execution of environmental accounting systems. The central premise of this study is to reconnoitre the theoretical underpinnings of environmental accounting in India, examining its challenges, opportunities and preventive measures. A cognitive strategy has been echoed, enveloping an in-depth literature study, legislation, and corporate green reports to decipher mainstream techniques. The study further delineates bottom issues frinstance unstandardized reporting guidelines, limited corporate fervor, and lacuna in compliance oversight. To accost these challenges, the paper insinuates robust regulatory passivity, reformed exposure tenets, and implementation of all-inclusive accepted accounting policies conducive to India's socio-economic environment. Thereby, with getting rampant of environmental accounting, its acceptance continues incoherent and tricky. Notwithstanding scientists and politicians are sussing for environmental issues, corporate need receptive of that a resilient future postulates green accounting for them. The analysis demonstrates that a methodical and oversight model, beyond corporate commitment and stakeholder rendezvous, is indispensable for harmonizing ecological themes into lamestream accounting approached in India.
Referências
Ashrafi, M., Acciaro, M., Walker, T. R., Magnan, G. M., & Adams, M. (2019). Corporate sustainability in Canadian and US maritime ports. Journal of Cleaner Production, 220, 386–397. https://doi.org/10.1016/j.jclepro.2019.02.098
Ayinla, B. S., Chinedu Ugochukwu Ike, Onyeka Franca Asuzu, Akoh Atadoga, Ndubuisi Leonard Ndubuisi, & Rhoda Adura Adeleye. (2024). Environmental costing and sustainable accounting: A comprehensive review: Delving into methods of accounting for environmental impacts in financial statements. World Journal of Advanced Research and Reviews, 21(2), 235–251. https://doi.org/10.30574/wjarr.2024.21.2.0439
Bebbington, J., & Unerman, J. (2020). Advancing research into accounting and the UN Sustainable Development Goals. Accounting, Auditing & Accountability Journal, 33(7), 1657-1670. https://doi.org/10.1108/AAAJ-05-2020-4556
Bhadra, B.(2002). ISO[1400] and Environmental Cost and Accounting-An Introspection, Environmental Accounting and Reporting, Deep and Deep Publications Pvt. Ltd., New Delhi,462-468.
Budianto, E. W. H., & Dewi, N. D. T. (2023). Pemetaan penelitian rasio Dividend Per Share (DPS) pada perbankan syariah dan konvensional: studi bibliometrik VOSviewer dan literature review. Al-Mal: Jurnal Akuntansi Dan Keuangan Islam, 4(1), 109–126. https://doi.org/10.24042/al-mal.v4i01.16760
Deshwal S.(2019). Green accounting and practices, International Journal of Applied Research,8(1), 683-684. https://www.researchgate.net/ publication/290440441_Green_accounting_and_practices.
Epstein, M. J. (2018). Making sustainability work: Best practices in managing and measuring corporate social, environmental and economic impacts. Routledge.
Freeman, R. E., Harrison, J. S., & Zyglidopoulos, S. (2018). Stakeholder Theory: Concepts and Strategies. Cambridge: Cambridge University Press.
Gil-Marín, M., Vega-Muñoz, A., Contreras-Barraza, N., Salazar-Sepúlveda, G., Vera-Ruiz, S., & Losada, A. V. (2022). Sustainability Accounting Studies: A Metasynthesis. Sustainability (Switzerland), 14(15), 1–15. https://doi.org/10.3390/su14159533
Gray, R. H., Babbington, J., & Walter, D.(1993). Accounting for the Environment, Paul Chapman Publishing, London.
Khan, T., & Ozili, P. K. (2021). Do Investment Funds Care About the Environment? Evidence from Faith-based Funds, Ozen, E., Grima, S., & Gonzi, R. D. (Ed.) New Challenges for Future Sustainability and Wellbeing Emerald Studies in Finance, Insurance, and Risk Management), Emerald Publishing Limited, Leeds, 341–362. https://doi.org/10.1108/978-1-80043-968-920211018
Liu, G. (2023). Business students’ experiences, perceptions, and motivations toward business research and information literacy: Ideas for better library practices. Journal of Business & Finance Librarianship, 28(3), 198–226. https://doi.org/10.1080/08963568.2023.2219203
Peršić, M., Janković, S., & Krivačić, D. (2017). (2017). Sustainability accounting: Upgrading corporate social responsibility, CSR, sustainability, ethics & governance, in: Maria Aluchna & Samuel O. Idowu (ed.), The Dynamics of Corporate Social Responsibility, chapter 15, pp. 285 303, Springer, Cham. DOI:10.1007/978-3-319-39089-15
Qian, W., Tilt, C., & Belal, A. (2020). Social and environmental accounting in developing countries: In Accounting, Auditing & Accountability. https://doi.org/10.1108/AAAJ-03-2021-5172
Sonara, C. K.(2002). Environmental Accounting for Developing Countries and Its Implementing Problems-Indian Context, Environmental Accounting and Reporting, Deep and Deep Publications Pvt. Ltd., New Delhi, 234.
Sumarto, M. E. J., Rokhim, A., & Muhibbin, M. (2024). Analisis Konsep CSR Dan Sistem Tanggung Jawab Sosial Dan Lingkungan Pada Perseroan Terbatas Yang Berasaskan Keadilan Dan Kepastian Hukum. PERSPEKTIF, 13(2), 498–506. https://doi.org/10.31289/perspektif.v13i2.11226
Tailor, R. K.(2017). Impact of green accounting on sustainable development. Journal of Commerce, Economics & Computer Science, 3(3),103-106.
Trice, A., Robbins C., Philip N., & Rumsey, M. (2021). Challenges and Opportunities for Ocean Data to Advance Conservation and Management. Ocean Conservancy. https://oceanconservancy.org/wp-content/uploads/2021/05/Ocean-Data-Report-Final.pdf
Vandna.(2018). Green accounting. International Journal of Engineering Science and Computing, 8(3): 16281-16283. http://ijesc.org/upload/ ef196212606dda1e160a7617b36f6a86.green%20accoun ting.pdf
