Environmental Accounting Quantitative Approach: Indian Based Company

Right to resources is derived from the benefit the company provides to the community, consequently accountable to society for how it operates. Business assumes any responsibility to the human society beyond profit making and maximizing its own financial well being. If sustainability becomes part of expectations held by society, it must become a business goal, this ensures ongoing survival. Providing information about performance related to social and environment will increase the trust a community has in the organization. The traditional belief of accounting is that business entity needs only report upon those things that can be counted or measured and that are required under laws, accounting standards, listing rules by SEBI. There are strategic reasons, legal compulsion, social pressure on polluting industries,change in the political thinking, international pressure, and media intervention like gas leakage, water pollution and air pollution; why a wider view of accountability may be considered, and accordingly, why initiatives such as environmental reporting may be supported. It concerns about the environmental consequences of an organization¿s inputs and outputs.