Environmental Accounting and Reporting in India

During the last few decades, environmental accounting and reporting have received increasing attention of investors, creditors, regulators and other stakeholders. With increasing social focus on the environment, accounting fills an exceptional role in measuring environmental performance. An increasing number of companies in India are starting to disclose environmental information in their annual reports. However, in the absence of any comprehensive standards/guideline or legal requirements on the issue in India, there are broad variations in the format, content and quality of these reports. Companies do not follow a particular pattern in reporting this information and thus, there is no consistency in the reporting. This book, therefore, attempts to highlight the significance of environmental accounting and reporting to companies with regard to valuation, recognition and disclosure in the annual reports. It is hoped that the observations and recommendations made in this book would contribute significantly to the existing knowledge in the area and help in bridging the gap left in the existing available literature in this field.