Material flow cost accounting (MFCA) for the circular economy: An empirical study of the triadic relationship between MFCA, environmental performance, and the economic performance of Japanese companies

2022 ◽  
Vol 303 ◽  
pp. 114219
Author(s):  
Kimitaka Nishitani ◽  
Katsuhiko Kokubu ◽  
Qi Wu ◽  
Hirotsugu Kitada ◽  
Edeltraud Guenther ◽  
...  
Keyword(s):  
Empirical Study ◽  
Economic Performance ◽  
Circular Economy ◽  
Environmental Performance ◽  
Material Flow ◽  
Cost Accounting ◽  
Japanese Companies ◽  
Triadic Relationship

scholarly journals Preliminary Design of Industrial Symbiosis of Smes Using Material Flow Cost Accounting (MFCA) Method

2018 ◽  
Vol 31 ◽  
pp. 04008
Author(s):  
Rahayu Siwi Dwi Astuti ◽  
Arieyanti Dwi Astuti ◽  
Hadiyanto
Keyword(s):  
Environmental Performance ◽  
Material Flow ◽  
Industrial Ecology ◽  
Flow Analysis ◽  
Cost Accounting ◽  
Industrial Symbiosis ◽  
Preliminary Design ◽  
Energy Flows ◽  
Material Energy ◽  
Major Industry

Industrial symbiosis is a collaboration of several industries to share their necessities such material, energy, technology as well as waste management. As a part of industrial ecology, in principle, this system attempts to emulate ecosystem where waste of an organism is being used by another organism, therefore there is no waste in the nature. This system becomes an effort to optimize resources (material and energy) as well as minimize waste. Considerable, in a symbiosis incure material and energy flows among industries. Material and energy in an industry are known as cost carriers, thus flow analysis in this system can be conducted in perspective of material, energy and cost, or called as material flow cost accounting (MFCA) that is an economic and ecological appraisal approach. Previous researches shown that MFCA implementation could be used to evaluate an industry’s environmental-related efficiency as well as in planning, business control and decision making. Moreover, the MFCA has been extended to assess environmental performance of SMEs Cluster or industrial symbiosis in SMEs Cluster, even to make preliminary design of an industrial symbiosis base on a major industry. This paper describes the use of MFCA to asses performance of SMEs industrial symbiosis and to improve the performance.

scholarly journals Improving decision-making through material flow cost accounting: the case of VietGreen bottled mineral water company

2021 ◽  
pp. 1-12
Author(s):  
Thuy Thanh Tran ◽  
Christian Herzig
Keyword(s):  
Decision Making ◽  
Social Responsibility ◽  
Economic Performance ◽  
Material Flow ◽  
Mineral Water ◽  
Cost Accounting ◽  
Strategic Objectives ◽  
Water Company ◽  
Bottled Mineral Water

VietGreen, headquartered in the South of Vietnam, is a bottled mineral water company striving towards becoming a leading mineral water producer with a strong reputation for social responsibility and integrity. This case describes VietGreen’s decision to explore the potential of material flow cost accounting (MFCA) for enhanced eco-efficiency and achieving the company’s long-term goals. It introduces the students to the company’s major challenges in meeting existing and newly introduced environmental regulations and in dealing with various controversial perspectives of managers involved in a project to implement MFCA. The focal questions of the case are why and how the company’s management should invest in and apply MFCA to implement its major strategic objectives. In particular, it focuses on the tension between measures improving either environmental or economic performance as well as the search for solutions contributing to both types of goals.

scholarly journals Green accounting, material flow cost accounting and environmental performance

Accounting ◽  
2020 ◽  
pp. 743-752
Author(s):  
I Gusti Ketut Agung Ulupui ◽  
Yunika Murdayanti ◽  
Astari Cita Marini ◽  
Unggul Purwohedi ◽  
Mardia Mardia ◽  
...  
Keyword(s):  
Environmental Performance ◽  
Material Flow ◽  
Cost Accounting ◽  
Green Accounting

Factors Affecting the Decision to Apply Material Flows Cost Accounting MFCA in Thai Nguyen Steel Production Enterprises

2020 ◽  
Vol 36 (3) ◽  
Author(s):  
Nguyen Thi Kim Huyen
Keyword(s):  
Production Process ◽  
Environmental Performance ◽  
Steel Production ◽  
Cost Accounting ◽  
Environmental Accounting ◽  
Production Costs ◽  
Accounting System ◽  
Material Flows ◽  
Factors Affecting ◽  
Legal Documents

Applying the Material Flows Cost Accounting method in Thai Nguyen steel enterprises is one of the solutions to improve the efficiency in the production process, using input materials, and environmental performance, as well as to measure more correctly the production costs based on the change of the price calculation basic. Identifying the factors which affect the decision on applying MFCA to the accounting process of Thai Nguyen steel production enterprises by a direct survey is carried out with 119 accountants and managers working at 13 steel enterprises. The results show that applying MFCA to the accounting process in these enterprises depends on the strategies, capacities, the accounting system of those enterprises, and the system of legal documents related to environmental accounting.

scholarly journals Framing Electric Mobility for Urban Sustainability in a Circular Economy Context: An Overview of the Literature

2021 ◽  
Vol 13 (14) ◽  
pp. 7786
Author(s):  
Walter Leal Filho ◽  
Ismaila Rimi Abubakar ◽  
Richard Kotter ◽  
Thomas Skou Grindsted ◽  
Abdul-Lateef Balogun ◽  
...  
Keyword(s):  
Quality Of Life ◽  
Circular Economy ◽  
Environmental Performance ◽  
Urban Transport ◽  
Transport Sector ◽  
Environmental Aspects ◽  
Medium Term ◽  
Urban Quality Of Life ◽  
Electro Mobility

The development of electro-mobility is one of the centerpieces of European country attempts to reduce carbon emissions and increase the quality of life in cities. The goals of reducing emissions from the transport sector and phasing out fossil-fueled vehicles in (urban) transport by 2050 present unrivaled opportunities to foster electro-mobility. This paper provides a comprehensive review of the literature and provides a detailed analysis of the current development of electro-mobility in Europe, assessing social, economic, and environmental aspects under a circular economy (CE) context. It also examines the existing challenges and suggests ways of addressing them towards improving the environmental performance of electro-mobility and the urban quality of life. The paper argues that a narrow technology-only agenda in electro-mobility will be less successful without the imperative of the CE, including not just materials and resources but also energy, to unlock the medium-term co-benefits of de-carbonization of both the transport as well as the building and energy sectors. The paper critically reviews some of the anticipated future developments that may guide the growth of this rapidly growing field into a CE.

Dynamics of Regional Recycling Economy Development Based on Material Flow Analysis: A Case Study in Shandong Province

2011 ◽  
Vol 347-353 ◽  
pp. 2961-2966
Author(s):  
Dian Ming Geng ◽  
Jia Xiang Liu
Keyword(s):  
Water Supply ◽  
Circular Economy ◽  
Material Flow ◽  
Flow Analysis ◽  
Material Flow Analysis ◽  
Shandong Province ◽  
Utilization Efficiency ◽  
Recycling Economy ◽  
Material Input ◽  
Inputs And Outputs

In order to study the development of regional recycling economy, the material inputs and outputs of the eco-economic system in Shandong Province during the period from 1996 to 2009 were systematically analyzed by the material flow analysis(MFA). The results show that, (1)excluding water, material inputs and outputs rose persistently, but both were lower than the rate of GDP growth. (2)Water supply had a turning point in 2003, from 25.239 billion tons down to 21.934 billion tons, followed by the total annual water supply has been maintained at 220 million tons. At the same time the amount of wastewater emissions is increasing, especially domestic wastewater emissions had faster growth and that increased pressure on the regional water environment;(3) Steady increase in material input intensity, material output intensity presented a first increased and then decreased trend, that showed since Shandong Province proposed the strategic planning to develop circular economy, the development of regional circular economy have improved the material utilization efficiency and made a material reduction in output in the case of material input growth achieved. The rapid increase of material input and output efficiency further illustrated the efficiency of resource comprehensive utilization and waste output have been significantly improved.

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