Monday, August 30, 2010

Environmental Accounting Guidelines

Today an increasing number of companies and other organizations are engaging in environmental management as part of their management strategies to specify measures for dealing with environmental issues and to internally carry out environmental conservation activities. Environmental accounting is a tool to supplement environmental management.

Environmental accounting data is not only used by companies or other organizations internally, but is also made public through disclosure in environmental reports.

The disclosure of environmental accounting data as one of the key elements in an environmental report enables those parties utilizing this information to get an understanding of the company’s stance on environmental conservation and how it specifically deals with environmental issues. At the same time, a more comprehensive grasp of the companies and other organizations’ environmental information can be obtained.

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