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Environmental Accounting Advantages And Disadvantages

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MITSUBISHI Another company at hand is the Mitsubishi Electric Co. The company, which has its mother company in Japan, branched out in the Philippines on the year 1987 and is one of the biggest automobile sellers in the country. Mitsubishi Electric Co. is currently practicing the policies of environmental accounting due to their advocacy of preserving the environment for the future condition of earth and its inhabitants. According to the Mitsubishi Electric Environmental Vision(2015), Mitsubishi electric has goals as to why the implementation of adding environmental costs and recording the environmental benefits has been approved. These goals are: (1) Creating a low-Carbon society, (2) creating a recycling-based society, and (3)Ensuring Harmony with Nature and Fostering Environmental Awareness. All of these goals are slowly being achieved through three major activities which are (A) reducing the total Carbon Dioxide emissions, (B) making use of the latest technologies to avoid products to go directly to waste, and (C) by conducting outdoor classroom and leadership training to children.It is already expected that the practice of Environmental Accounting has advantages and disadvantages which means that when benefits arise, there will …show more content…

Moreover, the report presented an investment amount of 688 Million Yen and 174 Million Yen of Cost for subsidiaries outside Japan (See Figure 5.1). A total economic benefit or effect of 95 Million Yen and 1, 490 Million Yen of material effects were also presented (See figure 5.2).The report found at the website of Toyota Boshoku Group, shows that the company strictly comply with the guidelines provided by the Ministry of Environment and also presented the benefits of using the environmental accounting

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