Abstract
The paper presents a framework for the financial analysis of the environmental measures (programmes) for forestry enterprises. The indicators of the economic and social effectiveness of environmental measures are discussed. The prospects for their implementation in the context of sustainable forest management in Ukraine are analysed. The research focuses on the effectiveness of environmental measures at the level of forestry enterprise. The proposed framework allows for determining the economic and social effectiveness of environmental measures at the enterprise level. To this end, the net discounted income is used to measure the profitability of environmental measures. The payback period is determined to provide an intuition behind the decision to participate in the environmental measures. The proposed framework allows for improving decision support for the national sustainable forestry development programmes not only at the macro level, but also at the level of enterprises.
Highlights
Today, forest resources are of paramount importance for all those living on the planet, and, in particular, for ensuring human life
As a result of the study and synthesis of environmental performance indicators systems, we propose analysing the effectiveness of environmental activities of forestry enterprises in the following stages: economic, environmental and social (Table 2)
In order to establish a reliable accounting and analytical framework for assessing the effectiveness of environmental measures and implementation of the management objectives, the sectoral characteristics of forestry should be taken into account
Summary
Forest resources are of paramount importance for all those living on the planet, and, in particular, for ensuring human life. In the economy of the state, the forest industry plays a special role, since it is both a strategic resource of the economy and a factor of stability. A significant role in the sustainable development of forestry is played by the Forest Stewardship Council and the Sustainable Green Ecosystem Council through the proposed scheme of the international forest certification. Cooperation with such organizations should be increased to ensure reliable monitoring of forest use in countries around the world [2,3]. It is clear that the proposed certification scheme requires the usage of appropriate methodological accounting tools
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