Environmental accounting

This is the development of an accounting system to support the integration of environmental performance measures into the core financial processes of the business. It will enable the business to track internal environmentally significant expenditure.


The benefits of environmental accounting are that it:

1. can use the metrics produced from an environmental audit and incorporate these into an environmental report,
2. can enable the business to make decisions based on costs of the full environmental impact, and hence utilise resources efficiently and effectively, and so generate cost savings,
3. demonstrates the business’ commitment to environmental matters, and hence may calm the concerns of the campaigners, and
4. assists in the publication of environmental accounting disclosures in corporate documents such as the annual and CSR reports.