This paper reports and analyses the results of a trans-European project to investigate the present and potential future links between the environmental management and management accounting functions of a company or business. A taxonomy of four broad but distinct approaches to environmental accounting is identified from the literature: external financial reporting; social accountability reporting; energy and materials accounting; and environmental management accounting. This project focuses on the latter the generation, analysis and use of financial and related non-financial information, in order to support management within a company or business, in integrating corporate environmental and economic policies and building sustainable business. The research involved interviews with accountants1 and environmental managers at eighty-four companies in Germany, Italy, The Netherlands and the UK, and detailed case studies of fifteen companies in those four countries. The paper summarizes the findings of the research and their implications for four core hypotheses, goes on to discuss international differences, and concludes by reviewing the implications of the results for likely future developments.
This paper investigates the opportunities of using management accounting as an environmental management tool in oil and gas exploration and production industries and in particular its possible relevance in improving both business decision making process and environmental performances.
The empirical research relied on the case study of a representative firm: the largest Italian industry involved in the petroleum production (ENI-Agip Exploration & Production Division). The focus of this case study is the corporate environmental costs recording and the role of environmental cost and liabilities in decision making process at unit and corporate level. The results of the research demonstrated that when pooling is done at operating level mangers have a good understanding of the environmental costs for which are responsible and that environmental liabilities can be included in the long term project assessment.
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