Introduction of Environmental Monitoring for the Sustainable Development of the Agro-Industrial Complex: The Method of the Genuine Savings Index

Abstract

Objective: The purpose of the study is to conduct a theoretical and methodological analysis of environmental monitoring both at the global and agro-industrial organizational levels. The article highlights the important problems associated with the anthropogenic impact of agro-industrial organizations on the environment and the need to balance development with environmental sustainability. Methods: The study uses various methods, including monographic, economic-statistical, balance, economic modeling, and comparison. Along with this, the study analyzes the reports on the Environmental Performance Index (EPI) prepared by Yale and Columbia Universities, as well as an original methodology for calculating the genuine savings index at the organizational level. Results: The content of the EPI is disclosed, and its dynamics over the past ten years for key economically developed countries are shown. A structural scheme of environmental monitoring is developed and substantiated, specially designed for agro-industrial organizations and firmly based on an environmentally oriented accounting and analytical system. Conclusion: The original methodology for determining the genuine savings index of agricultural organizations is presented. An organization’s genuine savings index is determined and assessed based on the developed analytical map.