Environmental Management Accounting in the Framework of EMAS II in the Czech Republic

Hyršlová, Jaroslava; Hájek, Miroslav

doi:10.1007/1-4020-3373-7_14

Cited by 10 publications

(6 citation statements)

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“…Additionally, small Czech firms usually do not have enough exposure and financial means to implement these parameters across organizational boundaries. However, Czech companies with foreign partners have more awareness in reporting ESG-related information (KPMG, 2008;Kasparova and Skapa, 2007;Hyrslov a and H ajek, 2005).…”

Section: Esg Disclosures Of Large Czech Companiesmentioning

confidence: 99%

Towards comprehensive corporate sustainability reporting: an empirical study of factors influencing ESG disclosures of large Czech companies

Balogh

Srivastava²,

Tyll³

2022

SBR

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Purpose Businesses nowadays face unprecedented pressures from stakeholder groups to become more transparent by issuing comprehensive reports describing their environmental, social and governance (ESG)-related activities, strategies and policies. This paper’s primary motivation is to understand which ESG disclosure factors are relevant for large Czech companies. Design/methodology/approach To achieve the above-stated goal, the total ESG disclosure index, consisting of three subindexes (ESG) was constructed and calculated for the 100 largest Czech companies. Furthermore, the relationships between firm-level factors and ESG disclosure indexes were estimated by using censored regression models. Findings This study found that revenue, number of employees and profitability positively influenced the total ESG disclosures. On the level of the three ESG components, this study found that revenue positively impacted environmental and governance disclosures while the number of employees positively affected social and governance disclosures. Moreover, profitability affected social and governance disclosures positively for large Czech companies. However, this study did not observe a significant relationship between board attributes and ESG disclosures. Originality/value This paper extends academic literature on ESG disclosures by verifying the significance of firm-level factors in the context of Czech business realities before the adoption and transposition of the Corporate Sustainability Reporting Directive. More specifically, this study has investigated the ESG reporting together and separately for ESG factors. This separation is vital as firms vary in reporting processes across these factors.

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Section: Esg Disclosures Of Large Czech Companiesmentioning

confidence: 99%

Towards comprehensive corporate sustainability reporting: an empirical study of factors influencing ESG disclosures of large Czech companies

Balogh

Srivastava²,

Tyll³

2022

SBR

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“…Methodological improvements advanced under the umbrella term of EMA framework [13] have helped firms in dealing with the need of environmentally sensitive information. This included waste accounting and reporting methodology [26] that advocated firms to develop cost drivers to analyze already recorded overheads in the books of accounts and identify environmental-sensitive expenditures that are getting diverted from the value chain [27][28][29]. A number of case studies experimented with the advancements to support the claim that the firms can improve environmental impacts and bottom line by identifying causal relationship of costs with activities generating waste and effectively control costs as well as waste (lower waste and, hence, improve costs).…”

Section: Methodological Improvements: Environmental Management Accounmentioning

confidence: 99%

Greening Accounting: An Inevitable Link to Help Firms Connect with Sustainability

Debnath¹

2017

Accounting and Corporate Reporting - Today and Tomorrow

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The last decade has seen developments challenging the abilities of managerial accounting theories in supporting firms with environmental conscious decision-making that are grounded in the expanded accountability of firms toward nature and society. Critical theorists have argued that the shortcomings of the accounting theories to interpret the impacts of business activities on nature have its origin in the missing accounting standards, under-defined contractual boundaries, and the absence of a valid numéraire (monetary equivalency). In this chapter, the author posits that these shortcomings are a legacy of the economic paradigm within which the accounting frameworks operate and would remain so, unless a paradigm change evolves to handle environmental-related considerations on its own, even if it means rewriting rules to generate accounting interpretations of business activities. Instead of offering a methodological solution, this chapter ideates how having "environment" as integral to the accounting paradigm would enable firms in evaluating, accounting, and reporting environmental performance transparently and improve flow of information to help management face sustainability-related challenges better.

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“…These instruments include the evaluation of a product's lifecycle, EMAS certification, ISO 14000 standards, and ecolabelling, etc. [16, 17, 18], as well as environmental management accounting [19, 20]. These optional tools can positively affect the performance of companies.…”

Section: Literature Reviewmentioning

confidence: 99%

The Potential of an Environmentally Friendly Business Strategy — Research from the Czech Republic

Krause

2015

International Journal of Engineering Business Management

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This article deals with the importance of environmental factors for business strategy. It discusses the potential benefits to companies which show concern for the environment beyond their legal obligations.The main contribution of this article is in presentation of the results of a questionnaire survey concerning customer views on products certified as 'environmentally friendly'. The knowledge of the respondents concerning individual instruments was not great. Most of the respondents were unwilling to pay more than 20% more for environmentally friendly products in comparison with conventional products. Only 38% of the respondents bought environmentally friendly products repeatedly.

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Environmental Management Accounting in the Framework of EMAS II in the Czech Republic

Cited by 10 publications

References 0 publications

Towards comprehensive corporate sustainability reporting: an empirical study of factors influencing ESG disclosures of large Czech companies

Towards comprehensive corporate sustainability reporting: an empirical study of factors influencing ESG disclosures of large Czech companies

Greening Accounting: An Inevitable Link to Help Firms Connect with Sustainability

The Potential of an Environmentally Friendly Business Strategy — Research from the Czech Republic

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