Environmental Management Accounting: Boosting Profitability While Saving the Planet
The article discusses how businesses can manage their environmental impact and costs through environmental management accounting. By tracking and controlling environmental expenses, companies can become more eco-efficient and profitable. This approach helps businesses make informed decisions about their environmental activities and supports sustainability. Environmental management accounting focuses on monitoring how a company's actions affect the environment and vice versa. It helps allocate costs accurately and internalize external environmental costs. Overall, implementing environmental management accounting systems can lead to improved environmental efficiency and business development.