Relationship Between Environmental Reporting and Financial Performance (Paperback)

Environmental Accounting is an important tool for understanding the role played by the business enterprises in the economy towards the environmental safety and welfare. It provides data highlighting both the contribution of business enterprises to economic wellbeing and the costs imposed in the form of pollution or resource degradation. Every business has an overriding responsibility to make the fullest possible use of its resources - both human and material. An enterprise is a corporate citizen. Like a citizen, it is judged by its actions in relation to the environment and society of which it is a member as well as by its economic performance. As far as Indian corporate sector is concerned, it is sad but true that it has not been performing as a good citizen. There are many laws that have been enacted and amended from time to time to make the corporate sector to fulfil its social responsibility for better development of Indian environment and economy. Therefore, recent years have witnessed rising concern for environmental degradation which is taking place due to increasing industrial activities. It may be noted here that the environmental degradation and pollution spoil human heal