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Environmental accounting: an essential component of business strategy
Author(s) -
Yakhou Mehenna,
Dorweiler Ver P.
Publication year - 2004
Publication title -
business strategy and the environment
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 2.123
H-Index - 105
eISSN - 1099-0836
pISSN - 0964-4733
DOI - 10.1002/bse.395
Subject(s) - environmental accounting , environmental scanning , component (thermodynamics) , environmental full cost accounting , incentive , business , government (linguistics) , environmental pollution , environmental economics , accounting , accounting information system , industrial organization , throughput accounting , process management , environmental management system , economics , financial accounting , environmental protection , microeconomics , environmental science , ecology , linguistics , physics , philosophy , irrigation , biology , thermodynamics
Abstract Environmental accounting is on an expansion path. With increasing social focus on the environment, accounting fills an expectation role, to measure environmental performance. The status of environmental awareness provides a dynamic for business reporting its environmental performance. Examining the integration of environmental policy with business policy is the focus of this research. The business firm's strategy includes responding to capital and operating costs of pollution control equipment. This is caused by increasing public concerns over environmental issues, and by a recent government‐led trend to incentive‐based regulation. This paper describes the environmental component of the business strategy, producing the required performance reports and recognizing the multiple skills required to measure, compile and analyze the requisite data. Special emphasis of the research is on generation of reports and their standards, for the range of business and regulatory purposes. Copyright © 2004 John Wiley & Sons, Ltd and ERP Environment.