The importance of environmental accounting has been recognised on a global scale, and thus environmental reporting has become legally required. The implementation of environmental accounting results in environmental information that has become part of the company's non-financial report, as well as a component in creating a comprehensive overview of the company's business activities. The aim of this paper is to research into the environmental accounting and reporting within Croatian listed manufacturing companies. It analyses the manner in which companies report environmental information, as well as the share of environmental information in the financial reports of listed companies in 2017, focusing on the manufacturing industry as the one with the most significant environmental impact. The results show that listed manufacturing companies do not use environmental accounting sufficiently, which consequently leads to insufficient environmental reporting. Listed manufacturing companies in the Republic of Croatia mostly report environmental information in a quantitative manner. The results of the analysis of environmental information show that companies' reports often contain information on pollution and exhaust gases, while sustainability information is the least present information. In addition, few companies report on sustainability related to natural resource stocks and consumption and recycling. Thus, it is clear that caring for natural resources and protecting the environment for future generations are a low priority for management in the Croatian listed manufacturing companies. The companies surveyed report environmental information differently depending on the subsector they belong to. Furthermore, the implementation of environmental accounting and reporting has not increased on the basis of legal regulations. Janković, S., Menadžersko računovodstvo hotela. Zagreb: Fakultet za turistički i hotelski menadžment u Opatiji i Hrvatska zajednica računovođa i financijskih djelatnika Zagreb, 2006, p. 499. 12 Burritt, R. L.; Herzig, C.; Schaltegger, S.; Viere, T., Diffusion of environmental management accounting for cleaner production: evidence from some case studies
Purpose
The purpose of this paper is to explore the developments in final electricity consumption, estimate the portions of changes that can be attributed to national, sectoral or regional factors, and to investigate determinants of the regional component (RC) in Croatia at the subnational level in the period 2001-2013.
Design/methodology/approach
In the first stage, the dynamic shift-share method is used to decompose final electricity consumption, and then, in the second stage, the panel population-averaged logit model is conducted to find the main determinants of the extracted RC.
Findings
The results show that both the sectoral factor and the regional factor are responsible for an increase in electricity consumption over the period considered, whereby the regional specificities had a larger impact in general. Thereby, the most developed regions, including the tourism-oriented ones, exhibited the largest average increase in electricity consumption mainly due to positive effects of the regional-specific factors, while the negative effects of these factors were mainly responsible for low average rates of changes in electricity consumption in less developed regions.
Practical implications
The results suggest that regional-specific energy conservation programs might be more effective in improving energy efficiency than the sector-oriented ones, as well as that socio-economic and contextual determinants matter when it comes to the probability of having a positive regional effect on the electricity consumption rate.
Originality/value
The paper investigated the determinants of the extracted RC which has not yet been addressed in the energy economics literature.
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