Environmental accounting boosts corporate performance in Sri Lanka, study finds.
The study looked at how using environmental management accounting can help companies improve their environmental and economic performance. They found that having a strong environmental management strategy is linked to better performance, and environmental management accounting plays a role in this connection. The study also showed that the institutional environment of a company can influence both their environmental management strategies and their use of environmental management accounting. This means that having good systems in place to track environmental costs and performance can help companies work towards sustainable development.