Findings Environmental accounting is a vital component of Social and Environmental Accounting and is believed to be accountants’ specific contribution towards preserving the integrity of the environment. Environmental accounting can be taken as covering all areas of accounting that may be affected by the business response to environmental issues. Environmental accounting involves the establishment of environmental management systems within organisations so that environmental issues can be addressed within the conventional practice. Further, these internal accounting systems need to be transformed into the reporting of environmental information, primarily in the corporate annual reports. This will make the firm accountable for its environmental
Environmental auditing is performed when a progress is already in place. It is mostly employed to examine the existing practices and to determine the environmental effects of present activities. All kinds of organizations now recognize the importance of environmental matters. They accept the fact that their environmental performance will be examined by a wide range of parties and personnel. Environmental audit is widely used to investigate, understand and identify.
In short, ecotourism should be managed in an environmentally manner as to produce long-term benefits to the resource, local community and industry. It should also provide enlightening experiences with involvement of education of all parties and the importance of their recognition towards the resources, support the
Environmental laws can have a large impact the potential of technological development. Manufacturing is continually being challenged to become environmental friendly, consequently risking their efficiency. Environmental regulations might affect a manufacturer’s productivity level and how we would measure such effects; the model motivates the empirical models and provides a lens to interpret the results. Production is effective and observing inputs are related to one another; assuming the former is proportional to the latter, with the factor of proportionality allowed to vary between the two inputs. The introduction of production effective inputs captures the notion that plants that fall under more stringent environmental regulation.
There arefive positive impacts of environmental factors on business. They are competition, technology, unique mindset,socio-economic, legal or ethical and political and economy. The first positive impact of environmental factors on business is competition. Competition is one of the most serious impacts that helps the companies to offer good prices and good quality of the products. So the companies can benefit from their competitors.
An environmental management system or EMS is management system put into place that is based on a continual cycle of planning, implementing, improving and reviewing the processes and actions an organization or company undertake to meet its environmental obligations and generally keep things running smoothly. An EMS is based on Planning , Checking and Acting(PDCA). Planning sets out to establish objectives and processes which need to deliver results in accordance to environmental processes. Doing sets out to implement the processes set out in Planning. Checking involves monitoring and measuring the processes against the obligations set out in the environmental policy.
Pollution prevention can be defined by many act such as Pollution Prevention Act of 1990, Executive Order 12856, Environmental Quality Act 1974 and Malaysia River Law. This shows that pollution prevention is not a myth. Prevention of pollution can only be done when there
Environmental law refers to the laws related to all aspects of the environment including, inter alia, vegetation, biodiversity, air quality, water use and waste. The United Nations Environment Programme defines environmental law as “body of law, which is a system of complex and interlocking statutes, common law, treaties, conventions, regulations and policies which seek to protect the natural environment which may be affected, impacted or endangered by human activities.” Each law related to the environment differs from country to country as each country will have unique environmental aspects that need protection as well as specific targets that have been set by their governments to protect the environment. Most sources (Shelton and Kiss (2005)
This is basically a team that makes up the environmental audit and each of them have specific roles of responsibility to ensure that whatever type of audit is being carried out is effective. This includes the lead auditor, auditor, client and technical expert to mention a few . In a synopsis, there are many environmental auditing types but this essay looked into five of them in relation to social, economic and biophysical environment. It looked into waste management auditing, environmental assessment, environmental management and Sustainability Auditing and Corporate Social Responsibility and roles, responsibilities and activities. It has shown how these types of environmental auditing help to manage and monitor the environment.
As a result of, this will lead the consumers to purchase the environmentally friendly products. Practicing these policy tools plays a significant role in changing consumer purchasing behavior to purchase environmental friendly products, thus, decreasing the harmful effect of artificial products on the environment. also Rahbar and Wahid (2011) , found that the green marketing tools as including eco-label, ecobrand and environmental advertisement ,also eco-label and ecobrand have importance in the consumers’ behavior towards green