Environmental Accounting Research Articles

Analisis Penerapan Akuntansi Lingkungan Terhadap Pengendalian Biaya Operasional Pengelolaan Limbah pada Rumah Sakit Karya Husada

This research aims to find out how environmental accounting is applied to control operational costs for waste management at Karya Husada Hospital. This research was conducted using qualitative methods. Data sources use primary data and secondary data. The data analysis technique used is descriptive qualitative using the Miles and Huberman model. The results of this research show that Karya Husada Hospital has managed its waste well, this is proven by the absence of problems or complaints from the surrounding community regarding waste at the hospital. Karya Husada Hospital has implemented environmental accounting and carried out the process of Recognizing, Measuring, Recording, Presenting, and also Disclosure of environmental related costs. Karya Husada Hospital does not have a specific environmental cost report. Controlling operational costs for waste management at Karya Husada Hospital has not been effective, where there has been a deviation from realized costs exceeding previously budgeted costs. This deviation occurred because the amount of medical and domestic waste increased along with the increase in patient and family visits at Karya Husada Hospital.

Identifying the institutional modalities for commencing Environmental-Economic Accounting for the ocean

Ocean Accounting (OA) is an emergent framework to collate environmental, economic, and social data in a standardised manner, aligned with existing international statistical accounting standards. This involves the recording of the interactions between the ocean and the economy, considering both the contributions of the ocean to economic activities and the impacts of human activities on the ocean. The OA framework offers a multidisciplinary approach to deriving statistics and indicators that consider the ocean’s contribution to society and the economy. As implementation of OA increases globally, there is a need to understand the modalities in which governments commence activities, including potential impacts to the use and maintenance of accounts into the future. Here, we conduct a global review of countries that have commenced OA activities and define the modes of implementation across 24 identified countries. Two modes were identified, (i) government-led (13 countries) and (ii) externally led (i.e., non-government institutions, 11 countries). To determine the strategic and operational implications associated with each mode, the study performed a Strength-Weakness-Opportunity-Threat (SWOT) analysis via expert elicitation. The SWOT analysis of government-led implementation identified strengths in centralised coordination and alignment with policies, but weaknesses included limited expertise and resources. External institutions (e.g., universities or consultants), despite offering diverse expertise and cost-effectiveness, face challenges such as legitimacy issues and misalignment with government policies, posing risks to program sustainability. As OA activities progress, countries may transition from externally led implementation to government-led projects. Understanding each mode's implications offers important insights for countries considering future implementation of OA.

Certified B Corps: An Examination of a Standard Based Approach to Stakeholder Governance

In 2015, B Corp certification was launched in the UK. Since then, over 1,200 companies have adopted certified B Corps status. Most certified B Corps in the UK are small and medium-sized, with SMEs accounting for 99.9% of businesses in the UK. The B Corp movement seeks to change the economic system from a shareholder capitalism to a stakeholder economy. Certified B Corps adopt a stakeholder-driven mode towards ‘high standards of social and environmental performance, accountability and transparency.’ The article explores the growth of the B Corp movement, issues around its standards, certification process, including the legal requirement, transparency, and governance. It examines the effectiveness of this standard-based approach for stakeholder governance. It argues that the certified B Corp creates an avenue for stakeholder governance. However, to fully realise the shift towards stakeholder governance, there is a need for greater work towards achieving accountability for all key stakeholders identified as shareholders, workers, community, environment, and customers.

Long-Term Elasticity of Environmental Demand: Environmental Protection Expenditures in Sweden, 1972–2020

This study uses reconstructions of historical Environmental Protection Expenditure Accounts (EPEA) in Sweden from 1970–2020 to present a time series approach that analyses the demand for environmental services. The paper’s aim is to analyse environmental adaptation as a historical, economic and environmental process and to explore structural shifts suggestive of an overall periodisation of environmental demand. The article contributes to a deeper understanding of demand-side factors in environmental adaptation as part of contemporary economic history. The investigation also provides evidence that the income elasticity of environmental demand was slightly higher than 1.0 and largely stable over time, and even though we were able to detect trend breaks, there is insufficient evidence for major structural breaks suggesting sharp shifts in societal environmental preferences. Policies requiring sharply rising environmental expenditures should consider this level of historical stability. This article was published open access under a CC BY licence: https://creativecommons.org/licences/by/4.0 .

INTEGRATING ENVIRONMENTAL CONSIDERATIONS INTO INDUSTRIAL ENTERPRISE OPERATIONS

This article addresses the development and implementation of a framework for integrating environmental considerations into the core operations of industrial enterprises. As industries contribute significantly to environmental degradation, there is an urgent need for sustainable approaches that minimize their ecological footprint. This study examines existing environmental management practices and identifies gaps where integration with industrial activities can be enhanced. Drawing on current literature and recent case studies, the article introduces a structured mechanism designed to align industrial operations with environmental objectives, including pollution control, resource efficiency, and waste reduction. The proposed framework incorporates environmental impact assessments, adherence to international standards, and sustainable resource management strategies to promote environmental accountability within industrial settings. The results demonstrate that implementing these practices not only reduces environmental harm but also offers economic benefits, such as cost savings from efficient resource usage and improved regulatory compliance. By providing a comprehensive model for environmental integration, this study contributes valuable insights into the transformation of industrial enterprises towards sustainability, benefiting both the industry and the broader environment.

Pengaruh Mekanisme Good Corporate Governance Dan Pengungkapan Akuntansi Lingkungan Terhadap Kinerja Keuangan Perusahaan Manufaktur Sektor Industri Dasar Dan Kimia Yang Terdaftar Di Bursa Efek Indonesia Tahun 2019-2021

This research aims to determine the mechanism of Good Corporate Governance and Environmental Accounting disclosure on Company Financial Performance. Good Corporate Governance in the proxy mechanisms consists of board of commissioners, board of directors, audit committee and institutional ownership. Data was obtained from annual reports of manufacturing companies in the basic industrial and chemical sectors for 2019 - 2021. The total population was 79 companies, using purposive sampling techniques obtained as many 159 samples. Data were analyzed using panel data regression. The research results show that the board of commissioners, board of directors, audit committee and institutional ownership have no effect on the company's financial performance. And also environmental accounting disclosures have no effect on the company's financial performance.

Sustainable Cost Management and Green Business: The Role of Managerial Accounting Innovations

This research explores the impact of innovations in managerial accounting on sustainable cost management, focusing on the integration of green business practices. The objectives are to analyze how technological, process, strategic, and organizational innovations contribute to cost savings and sustainability performance, and to provide recommendations for practitioners and policymakers. A quantitative research design was employed, utilizing case studies from various industries. Data collection involved detailed analysis of company reports and sustainability metrics, while statistical techniques were used for data analysis. Key findings reveal that big data analytics and real-time reporting significantly enhance energy efficiency and cost savings, aligning with existing literature on the benefits of data-driven decision-making. Activity-Based Costing (ABC) and Environmental Management Accounting (EMA) improve cost allocation accuracy and environmental cost tracking, resulting in substantial cost reductions. Strategic frameworks like the Balanced Scorecard (BSC) and Life-Cycle Costing (LCC) effectively integrate sustainability goals with business objectives, promoting long-term financial and environmental benefits. Organizational practices, including cross-functional teams and strong top management commitment, are crucial for successful sustainability initiatives. The study concludes that these innovations in managerial accounting are vital for achieving sustainable cost management. Recommendations for practitioners include investing in advanced technologies, adopting strategic costing methodologies, and fostering a collaborative organizational culture. Policymakers are advised to create incentives and regulations that encourage sustainable practices. Future research should focus on the long-term impacts of these practices, industry-specific adaptations, and the socio-economic benefits of sustainable cost management. This research contributes to the growing body of knowledge on sustainable business practices and provides practical guidance for enhancing sustainability through managerial accounting innovations.

Accountability for Environmental Human Rights Responsibilities of MNEs: The Case of Enterprises in China

In recent years, the role of MNEs in China's economic development has been significant, yet their activities have also led to environmental degradation and human rights abuses. This paper delves into the intricate issue of environmental human rights accountability of multinational enterprises (MNEs) operating in China and examines the theoretical underpinnings and practical challenges in holding MNEs accountable for their environmental human rights impacts. It begins by outlining the basic concepts of MNEs' environmental human rights responsibilities, drawing upon international and domestic legal frameworks. Subsequently, it analyzes the common areas of environmental degradation and human rights violations committed by MNEs in China, highlighting the complexities of jurisdiction and enforcement. The article further explores the difficulties in determining accountability and selecting appropriate jurisdictions for legal redress. Through a comparative analysis of existing legal mechanisms and international practices, the paper proposes recommendations for China and the international community to strengthen accountability mechanisms and enhance regulatory frameworks. Ultimately, the paper aims to contribute to the discourse on ensuring that MNEs operating in China fulfill their environmental human rights responsibilities.

Costos en la gestión ambiental: camino necesario a la sostenibilidad

Around the world, the importance of preserving the natural environment has been recognized, which has led to an increase in the expectations of various stakeholders involved. This process has driven the orientation that prioritizes sustainability. In this situation, the objective of this article is to promote environmental accounting as a necessary tool for environmental management, both in the business environment and on a global scale. The study consists of an exhaustive systematic review with a qualitative approach at a descriptive level through the review of scientific articles, consulted in databases such as: Scopus, Google academic, Scielo, Mendeley, among others. It is concluded that environmental management together with environmental accounting as a necessary tool to achieve sustainable development benefit society, the environment and the company in terms of promoting sustainability, corporate social responsibility, decision making, efficiency and competitive advantage.

GREEN ACCOUNTING PRACTICES AND VALUE OF LISTED FIRMS IN NIGERIA

Objective: The purpose of this research was to analyze the effect of green accounting practices on the value of publicly traded Nigerian companies. Theoretical Framework: In this topic, the main concepts and theories that underpin the research are environmental accounting and stakeholder theory, providing a solid basis for understanding the context of the investigation. Method: The methodology adopted for this research was the ex-post facto research design. Data collection was carried out through stratified sampling, employing secondary data from the annual report of 18 listed firms on the Nigerian stock exchange. Secondary data from 2012 to 2021 period were collected from the annual report of listed firms on the Nigerian stock market. The panel Generalized Method of Moments was used in this investigation as well as other econometric tests. Results and Discussion: The results demonstrated that green accounting practices (waste management disclosure (WMD)) is not significantly related to Tobin's Q (TQ), but was positively and significantly related to price earnings ratio (PE). Research Implications: These findings indicate that while green accounting is essential for ensuring long-term sustainability, its present adoption and acknowledgement in Nigeria may need further progress in order to fully achieve its projected advantages. In conclusion, policymakers should do the following: promote stakeholder engagement, embed green accounting methods into business systems and support environmental preservation. Originality/Value: The present study enhances the current body of knowledge by offering an in-depth examination of the influence of green accounting practices on the value of companies in Nigeria. While there has been research on green accounting practices, there seems to be a gap in the African setting as most studies are focused on developed nations and not emerging economies.

State of the World's Rivers

In this review, we thoroughly analyze the state of global rivers, focusing on their physical and ecological characteristics as well as management strategies. The review results have helped us generate four recommendations. Firstly, rivers should be managed under a legally binding global accord at the basin level. Secondly, challenges related to river pollution and inappropriate project implementation can be mitigated by adopting newly defined strategic environmental assessments and the United Nations System of Environmental Economic Accounting. Thirdly, we need data from the latest scientific sources, such as geospatial sources, to better understand rivers at different scales as composite systems. The last recommendation calls for taking into account climate change concerns in river management approaches. We also outline a proposition for developing a river monitoring and assessment program in order to perform comprehensive and planet-wide river assessment. The article elaborates on the strategies for achieving these recommendations.

Environmental Management Accounting: A Tool for Better Management Practice

Environmental Management Accounting: A Tool for Better Management Practice

Identifying Prospective Factors Affecting Environmental Management Accounting in Oil, Gas and Petrochemical Industry

Identifying Prospective Factors Affecting Environmental Management Accounting in Oil, Gas and Petrochemical Industry

Green accounting and reporting in Bangladesh's pharmaceutical and textile industries: A holistic perspective.

This study examined the factors influencing green accounting and reporting practices (GARPs) in Bangladesh's pharmaceutical and textile industries. Hence, it draws upon disclosure theory to disclose relevant information in the context of environmental accounting and encourages them to boost their environmental performance. It utilized content analysis from 13 pharmaceuticals and 22 textiles data from Dhaka stock exchange (DSE) listed companies of Bangladesh and applied quantitative methods for comparative analysis. The findings showed that GARPs are influenced by firm characteristics and external factors rather than organizational performance, and eleven environmental indicators (separately) have a lower mean of less than 0.50 in both industries. Firms' general characteristics (FFGC) are noteworthy factors that exhibit a negative coefficient for both the pharmaceutical and textile sectors but hold a robust impact on the GARPs, with P = 0.007 and 0.003, respectively. The statistical significance of environmental factors (EFs) applies to the textile sector p = 0.000. Implementing GARPs in the pharmaceutical industry proved more effective than in the textile sector, offering valuable support to managers in expediting environmental practices in Bangladesh's textile industry.

Knowledge equity as social justice in academic publishing and why it matters for accounting research

Purpose The current academic publishing model, in which researchers rely significantly on multinational publishing companies to disseminate their work, has implications for knowledge enterprise both in terms of knowledge production and distribution. This study aims to provide a critical reflection on the academic publishing model and how it works, particularly in light of the rise of open access publishing and the growing analytics focus of publishing companies and discusses the impact on knowledge equity. Design/methodology/approach This exploratory essay offers a critical analysis of the impact of the current academic publishing model on research practices. The discussion provides a foundation for the argument that knowledge equity is essential to social justice. Findings To effectively fulfil the transformative aims of the interdisciplinary research community within social and environmental accounting, it is imperative to establish equitable access to published research. Originality/value This essay opens space for discussion of the current publishing model, given its dominance of the knowledge enterprise. It outlines some of the implications of this model for knowledge equity and suggests strategies for fostering a more inclusive and accessible dissemination of scholarly work.

The Influence of University Social Responsibility on Accounting Disclosure Environment with Entrepreneur Value as a Moderating Variable in College High in Asean

This study analyzes the effect of university social responsibility on environmental accounting disclosure with entrepreneur value as a moderating variable in Asean universities with the population in this study are all universities that are categorized as having a top 10 ranking based on World Class University and publish their reports with the period 2018-2021. The analysis technique used is quantitative with panel data regression analysis tools. The results of the research are (1) Enviromental Awarenes and Enterprenuer Value have a positive and significant effect on Environmental Accounting Disclosures (2) Enviromental Involvement and Enviromental Reporting have a negative and significant effect on Environmental Accounting Disclosures (3) Enterprenuer Value is proven to significantly moderate the effect of university social responsibility on environmental accounting disclosures.

Ecosystem Accounting for Marine-Based Tourism provided by Posidonia oceanica in Italy

This work presents the first ecosystem accounts for Marine-Based Tourism (MBT) in Italy. We develop a methodological approach to connect biophysical and economic information required to fill ecosystem accounting supply and use tables. Coherent with the System of Environmental Economic Accounting – Ecosystem Accounting (SEEA EA) framework, this approach starts by estimating the extent and the condition of marine ecosystems, showing the urgency in improving the availability, organisation and accessibility of biophysical data. This work provides valuable insights into understanding MBT from an ecosystem accounting perspective. We focus on the Posidonia oceanica and its role in the MBT sector in Italy, providing a physical quantification of such contribution and converting this flow into monetary terms. Our findings show that such habitat significantly contributes to the tourism sector, resulting in exchange values of MBT of €6 million in 2019 and €3.7 million in 2021.

Pengaruh Environmental Performance dan Material Flow Cost Accounting Terhadap Sustainable Development: pada Perusahaan Sektor Industri Dasar dan Kimia yang Terdaftar di Bursa Efek Indonesia Tahun 2020-2022

The increase in industrial activities has impacts on the environment, as many companies still fail to fulfill their environmental responsibilities adequately. The purpose of this study is to examine the influence of Environmental Evaluation and Material Flow Cost Accounting on Sustainable Development. The approach adopted focuses on numerical aspects, with the research concentrating on companies in the basic and chemical industries listed on the Indonesia Stock Exchange during the period 2020-2022. The sampling method used is purposive sampling, resulting in a sample size of 75 (25 companies over 3 years). SmartPLS 3 is employed as the analytical tool. The research findings indicate that environmental evaluation has no significant impact, whereas material flow cost accounting has a substantial impact on sustainable development. These findings bear important implications for further research to enrich the investigated factors and consider more representative samples to enhance their impact on Sustainable Development, requiring more effective approaches to be considered.

Unveiling How Internal Control Foster Sustainable Green Innovation Ecosystem: Mediating Role of Environment Management Accounting Data Analytics

This study constructs and validates a theoretical framework that focuses on the correlation between internal control systems (ICS) and the sustainable green innovation ecosystem (SGIE). Furthermore, it aims to investigate the role of environmental management accounting data analytics (EMADA) as a mediator in the relationship between ICS and SGIE. The current study utilized a methodological approach consisting of three components namely a literature review, expert interviews, and a self-administered survey. The study used structural equation modeling to analyze the proposed model, which was constructed using statistical data gathered from a cross-sectional survey of 583 accountants working in public sector organizations (PSOs). The acquired observations underscored the interdependence and mutual reinforcement of the proposed dimensions. These observations provided guidance for PSO leaders to recognize and take advantage of chances to enhance their effectiveness in the green innovation implementation journey. They also helped in developing strong strategies to efficiently steer their digital transformation process. The work's detailed findings were crucial in enabling policymakers to establish rules and regulations linked to digitalization and green innovation.

The Impact of Environmental Management Accounting Adoption on The Shipping Industry's Environmental Performance, Influenced by Green Shipping and Regulatory Pressure

The Impact of Environmental Management Accounting Adoption on The Shipping Industry's Environmental Performance, Influenced by Green Shipping and Regulatory Pressure