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Environmental Accounting for Industrial Growth and Sustainable Development in India: An Overview and Theoretical Framework

Environmental Accounting for Industrial Growth and Sustainable Development in India: An Overview and Theoretical Framework
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Author(s): Archana Singh (Symbiosis International University, India), Nehajoan Panackal (Symbiosis International University, India) and Bhama Venkataramani (Symbiosis International University, India)
Copyright: 2018
Pages: 22
Source title: Sustainable Development: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-5225-3817-2.ch045

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Abstract

Environmental accounting is an important function that provides industry with a means to incorporate information with business decision making and business operations. This chapter evaluates the extent to which the process of environmental accounting can be applied as a solid foundation for industrial growth and sustainability. Having an environmental accounting system in place allows the industry to better manage environmental costs and to discover new opportunities to minimize environmental costs through environmental thinking to the industrial sector. Researchers have adopted systematic literature review as a methodology to generate strong knowledge base for the study. In this paper, the theoretical foundation of environmental accounting and reporting is discussed with reference to India. The insights gained will shed light on positive outcomes of adopting environmental accounting for sustainability and manufacturing management in the industrial sector of India.

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