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Environmental Management Accounting

  • Reference work entry
  • First Online:
Encyclopedia of Sustainable Management

  • 213 Accesses

Synonyms

Environmental cost accounting; Environmental-related management accounting; Sustainability management accounting

Definition/Description

In a broad sense, environmental management accounting can be considered to identify, collect, record, analyze, and communicate physical and monetary environmental information for managers in internal decision-making (UNDSD 2001). The physical environmental management accounting provides information on the “use, flows and destinies of energy, water and materials (including wastes),” and monetary environmental management accounting supplies information about the “environment-related costs, earnings and savings” (International Federation of Accountants, IFAC 2005, p. 19). Although environmental management accounting’s primary function is to aid internal decision-making by supplying information for the corporate managers, this information can also be used by various other stakeholders, including regulators, investors, suppliers, and customers.

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Author information

Authors and Affiliations

  1. Department of Accounting, University of Sri Jayewardenepura, Nugegoda, Colombo, Sri Lanka

    Nuwan Gunarathne

Authors
  1. Nuwan Gunarathne
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Corresponding author

Correspondence to Nuwan Gunarathne .

Editor information

Editors and Affiliations

  1. Guildhall Faculty of Business and Law London Metropolitan University, London Metropolitan University, London, UK

    Samuel O. Idowu

  2. BFH - Bern, Bern, Switzerland

    René Schmidpeter

  3. College of Business, Loyola University New Orleans, New Orleans, LA, USA

    Nicholas Capaldi

  4. International Training Centre of the IL, International Labor Organization, Turin, Italy

    Liangrong Zu

  5. Department of Economics, Society and Politics, University of Urbino Carlo Bo, Urbino, Italy

    Mara Del Baldo

  6. Instituto Politécnico da Guarda, Guarda, Portugal

    Rute Abreu

Section Editor information

  1. Marketing and Tourism Department, Zagreb School of Economics and Management, Zagreb, Croatia

    Kristijan Krkač

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Gunarathne, N. (2023). Environmental Management Accounting. In: Idowu, S.O., Schmidpeter, R., Capaldi, N., Zu, L., Del Baldo, M., Abreu, R. (eds) Encyclopedia of Sustainable Management. Springer, Cham. https://doi.org/10.1007/978-3-031-25984-5_1096

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