Environmental Accounting Concept and Reporting Practice: Evidence from Banking Sector of Bangladesh

Abstract

The study is designed to understand and investigate the practical situation and concept of the Environmental Accounting and Reporting (EAR) of twelve Bangladeshi banking companies for the year 2010 to 2014 by annual report. The reports pointed that most of the banks of the study are making efforts to provide environmental information on a voluntary basis, which are qualitative and quantitative in nature. The result of the study found that ninety two (92%) percent sample banks disclosed environmental information. Moreover, the research findings portrayed that more than ninety percent (90%) banks disclosed qualitative information whereas, sixty percent (60%) banks disclosed quantitative information in the annual report. The research finding also revealed that environmental accounting and reporting practices by the banking companies’ are satisfactory in Bangladesh. The research paper suggested a mandatory framework of EAR and the government pressure, to the banking sector to publish mandatory environmental disclosure in their annual report.