Natural resources like land, water, air, energy, etc. are the main inputs of any business process. The rapid development in industries is causing more environmental issues like pollution, carbon emission, greenhouse effects, water and air contamination, land and soil contamination, loss of biodiversity etc. So, accountability towards the environment has become one of the most essential areas of social responsibility. Our traditional accounting system is limited to record and reporting financial information of the business process for internal and external stakeholders. This limitation can be removed by implementing Environmental Accounting and Reporting over the traditional accounting system but requires good knowledge, training and standard guideline. Based on the explanation above, please give your arguments supported by some theoretical framework related to EAR from different scholars/researchers. How it’s an implementation in Indonesia? Why?
Natural resources like land, water, air, energy, etc. are the main inputs of any business process. The rapid development in industries is causing more environmental issues like pollution, carbon emission, greenhouse effects, water and air contamination, land and soil contamination, loss of biodiversity etc. So, accountability towards the environment has become one of the most essential areas of social responsibility. Our traditional accounting system is limited to record and reporting financial information of the business process for internal and external stakeholders. This limitation can be removed by implementing Environmental Accounting and Reporting over the traditional accounting system but requires good knowledge, training and standard guideline. Based on the explanation above, please give your arguments supported by some theoretical framework related to EAR from different scholars/researchers. How it’s an implementation in Indonesia? Why?
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