Environmental management accounting is a tool that helps businesses track and manage their environmental and social impacts. It was developed in response to the need for better accounting methods to address environmental challenges. Specific tools like material flow cost analysis have been created to analyze these impacts. Governments, organizations, academics, and practitioners are increasingly interested in sustainability management. Environmental management accounting is evolving to focus on broader economic, social, and environmental goals. In the future, it is expected to play a key role in helping businesses improve their environmental performance.