scholarly journals Environmental crisis effect on environmental costs

2021 ◽  
Vol 937 (2) ◽  
pp. 022036
Author(s):  
T Podolskaya ◽  
G V Kravchenko ◽  
Kh Shatila
Keyword(s):  
Environmental Management ◽  
Decision Making ◽  
Environmental Performance ◽  
Cost Accounting ◽  
Economic Benefits ◽  
Decision Makers ◽  
Environmental Cost ◽  
Environmental Costs ◽  
Financial Benefit ◽  
Business Decision

Abstract Environmental management accounting is a mechanism for determining and evaluating, and incorporating these cost and benefit in the day-to-day business decision making, the full spectrum of environmental costs of current production processes and the economic benefits of contamination prevention, or cleaner processes. In practice, the past 10 years have acquired significance from corporate accounting, which is the most prominent part of cost accounting. Limits were widely acknowledged of conventional financial and cost accounting techniques reflecting companies’ sustainability efforts and providing management with necessary information for sustainable business choices. Information on companies’ environmental performance may be somewhat accessible, but both domestic decision makers and those at the level of public authorities are seldom able to connect environmental information with economic variables and are essentially deprived of environmental cost information. Decision makers do thus not recognize the economic worth of natural resources as asset and the commercial and financial benefit of excellent environmental performance. Beyond ‘goodwill’ efforts, there are a number of market-based incentives for integration with decision making of environmental issues. This article provides an outline of environmental management methods and we evaluate environmental costs in terms of current economic crisis.

scholarly journals PENGARUH ENVIRONMENTAL COST DAN ENVIRONMENTAL PERFORMANCE TERHADAP FINANCIAL PERFORMANCE (Studi Kasus pada Perusahaan Sektor Pertambangan Peserta PROPER Periode 2012 – 2016)

2019 ◽  
pp. 259
Author(s):  
Lastri Meito Nababan ◽  
Dede Abdul Hasyir
Keyword(s):  
Financial Performance ◽  
Environmental Performance ◽  
Linear Regression Analysis ◽  
Control Variable ◽  
Mining Industry ◽  
Environmental Cost ◽  
Environmental Costs ◽  
Statistical Research ◽  
Bottom Line ◽  
Return On Assets

As a result of their activities, companies are demanded by stakeholders to perform in accordance with the concept of triple bottom line: financial aspects (profit), environment (planet), and social (people). This study aims to examine the effect of environmental costs and environmental performance on the company's financial performance. Environmental costs data are retrieved from the company's sustainability reports, environmental performance is then measured by PROPER ratings, and financial performance is proxied by return on assets (ROA). In addition, company size is employed as control variable. Through purposive sampling method, seven companies were selected in the mining industry sector in the period 2012-2016 as samples. This study uses multiple linear regression analysis to test the hypothesis. The results of the research both simultaneously and partially show that environmental costs and environmental performance have a significant influence on financial performance. It can be concluded that the greater the environmental cost and the better the environmental performance (PROPER) can increase the financial performance (return on assets) of the company. Firm size as a control variable is significantly associated with environmental costs and environmental performance. The hypothesis formulated in this study was accepted and has been supported by statistical research results.

Evaluation of energy sources based on sustainability factors using integrated fuzzy MCDM approach

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Santosh K. Saraswat ◽  
Abhijeet K. Digalwar
Keyword(s):  
Decision Making ◽  
Research Work ◽  
Economic Benefits ◽  
Decision Makers ◽  
Preference Ranking ◽  
Energy Sources ◽  
Content Type ◽  
Weighted Sum Method ◽  
Weight Calculation ◽  
Social Environmental

Purpose The purpose of this paper is to develop an integrated fuzzy multi-criteria decision-making (MCDM) model for evaluation of the energy alternates in India based on their sustainability. Design/methodology/approach A fuzzy analytical hierarchy process approach is used for the weight calculation of the criteria and the fuzzy technique for order preference by similarity to the ideal solution is used for ranking of the energy alternates. Seven energy sources – thermal, gas power, nuclear, solar, wind, biomass and hydro energy are considered for the assessment purpose on the basis of sustainability criteria, namely, economic, technical, social, environmental, political and flexible. Findings The result of the analysis shows that economics is the highest weight criterion, followed by environmental and technical criteria. Solar energy was chosen as the most sustainable energy alternate in India, followed by wind and hydro energy. Research limitations/implications Few other MCDM techniques such as VIseKriterijumska Optimizacija I Kompromisno Resenje (multi-criteria optimization and compromise solution), weighted sum method and preference ranking organization method for enrichment evaluations – II can also be explored for the sustainability ranking of the energy alternates. However, the present model has also provided a good result. Practical implications The present research work will help the decision-makers and organizations in the evaluation and prioritizing the various energy sources on the scale of sustainability. Social implications Research finding provides guidance to government and decision-makers regarding the development of social conditions through energy security, job creation and economic benefits. Originality/value Research work can be act as a supplement for the investors and decision-makers specifically in prioritizing the investment perspective and to support other multi-perspective decision-making problems.

Searching for Herbert Simon

2013 ◽  
Vol 4 (1) ◽  
pp. 1-12 ◽  
Author(s):  
Michael F. Gorman ◽  
Donald E. Wynn ◽  
William David Salisbury
Keyword(s):  
Decision Making ◽  
Analytical Techniques ◽  
Decision Makers ◽  
Business Analytics ◽  
Herbert Simon ◽  
Business Decision ◽  
Wide Range ◽  
Human Decision ◽  
Potential Impact ◽  
Effective Use

Since Herbert Simon’s seminal work (Simon, 1957) on bounded rationality researchers and practitioners have sought the “holy grail” of computer-supported decision-making. A recent wave of interest in “business analytics” (BA) has elevated interest in data-driven analytical decision making to the forefront. While reporting and prediction via business intelligence (BI) systems has been an important component to business decision making for some time, BA broadens its scope and potential impact in business decision making further by moving the focus to prescription. The authors see BA as the end-to-end process integrating the production through consumption of the data, and making more extensive use of the data through heavily automated, integrated and advanced predictive and prescriptive tools in ways that better support, or replace, the human decision maker. With the advent of “big data”, BA already extends beyond internal databases to external and unstructured data that is publicly produced and consumed data with new analytical techniques to better enable business decision makers in a connected world. BI research in the future will be broader in scope, and the challenge is to make effective use of a wide range of data with varying degrees of structure, and from sources both internal and external to the organization. In this paper, we suggest ways that this broader focus of BA will also affect future BI research streams.

Slacks-Based Efficiency Measurements with Undesirable Outputs in Data Envelopment Analysis

2014 ◽  
Vol 16 (04) ◽  
pp. 1005-1021 ◽  
Author(s):  
Jie Wu ◽  
Xiang Lu ◽  
Dong Guo ◽  
Liang Liang
Keyword(s):  
Decision Making ◽  
Data Envelopment Analysis ◽  
Production Process ◽  
Environmental Performance ◽  
Decision Makers ◽  
European Countries ◽  
Data Envelopment ◽  
Undesirable Outputs ◽  
Theoretical Justification ◽  
Decision Making Units

Data envelopment analysis (DEA) has recently gained great popularity in modeling environmental performance because it provides condensed information to decision makers when the production process includes undesirable outputs. In this paper, we develop a new slacks-based efficiency measurement for modeling environmental performance using the environmental DEA technology. The proposed index has more theoretical justification, and distinguishes among different decision making units (DMUs) better in practice. Then we further extend it to the nonoriented index with double aim of increasing desirable outputs and reducing undesirable outputs. Finally, we calculate the index for each of 25 OECD European countries in a model of CO2 emission performance from 2007 to 2009 and the results obtained are presented.

scholarly journals ANALISIS PENERAPAN AKUNTANSI BIAYA LINGKUNGAN PADA PT. ROYAL COCONUT AIRMADIDI

2019 ◽  
Vol 14 (1) ◽  
Author(s):  
Regina Mariana Franciska ◽  
Jullie J. Sondakh ◽  
Victorina Z. Tirayoh
Keyword(s):  
Qualitative Research ◽  
Secondary Data ◽  
Cost Accounting ◽  
Environmental Accounting ◽  
Environmental Cost ◽  
Financial Statement ◽  
Primary Data ◽  
Environmental Costs

Environmental Accounting is an accounting science that has the function of identifying, measuring, valuing, recognizing, presenting, and disclosing costs incurred for the purpose of managing the environment. This study aims to determine the application of Environmental Cost Accounting at the company, in terms of identifying, measuring, presenting, and disclosing the Environmental Costs that exist in the company.The research was conducted at the PT. Royal Coconut Airmadidi. This study is a qualitative research. This study uses primary data and secondary data. The result of this research is the application of Environmental Cost Accounting in the company in terms of recognition, measurement, presentation, and disclosure of Environmental Cost has sealed with existing Financial Standars Accounting. But, the company has not made a specific Financial Statement.

Environmental Cost Accounting in a Small Enterprise – A Case Study

2021 ◽  
pp. 1-16
Author(s):  
Grzegorz BUCIOR ◽  
Arleta SZADZIEWSKA
Keyword(s):  
Natural Environment ◽  
Environmental Awareness ◽  
Cost Accounting ◽  
Environmental Cost ◽  
Small Enterprise ◽  
Business Activity ◽  
Environmental Costs

The studies conducted so far in Poland indicate not only the low environmental awareness of SMEs, but also incorrect reporting of their impact on the natural environment. What is more, in entities from this group, the environmental costs arising in the course of their business activity are undervalued.

Eco-Efficient Controlling of Material Flows with Flow Cost Accounting

2005 ◽  
pp. 62-75 ◽  
Author(s):  
Stefan Enzler ◽  
Helmut Krcmar ◽  
Roland Pfenning ◽  
Wolfgang Scheide ◽  
Markus Strobel
Keyword(s):  
Environmental Management ◽  
Business Management ◽  
Balance Sheet ◽  
Resource Planning ◽  
Cost Accounting ◽  
Environmental Cost ◽  
Material Flows ◽  
Erp Systems ◽  
Key Factor ◽  
Pilot Implementation

The point of departure for ECO Rapid is the assumption that environmental management instruments have been perfected, but they will only be able to be used in practice to any extent worth mentioning if costs and benefits are in a favourable relationship to one another for companies. A key factor for achieving this goal is the question of how standard business management software can be used as instruments for solving the problems of company environmental management (environmental cost accounting, flow cost accounting, preparing an environmental balance sheet and environmental figures, etc.). This is the reason why we developed a method in the ECO Rapid project that puts companies and software retailers in a position to use and further develop enterprise resource planning systems (ERP systems) in a fashion that is orientated more towards material flows. We have used the reference model of ECO-Integral (Krcmar et al., 2000) to make it possible to take advantage of the database of ERP systems for a number of new evaluations on company material flows in quantities and values. This means that companies will be better able to use the ERP software they already have for the purposes of company environmental management while creating synergies to business management. We are publishing this method as a digital CD manual for small- and medium-sized companies and to a great extent it can be used independently of any particular software product. An important step along this route is pilot implementation in three companies. These hands-on projects are being followed up by imu augsburg (Augsburg, Germany) and Green IT GmbH (Konstanz, Germany). The chair for economic IT (at the Stuttgart-Hohenheim University) has the all-round responsibility for handling the project and IT support. And this chapter has the purpose of presenting the experience gathered in ECO Rapid.

Identifying and Accounting for Environmental Costs

1998 ◽  
Author(s):  
Doug Jagger ◽  
Dave Korpach
Keyword(s):  
Environmental Performance ◽  
Oil And Gas ◽  
Environmental Cost ◽  
Environmental Costs ◽  
Environmental Implications ◽  
Bottom Line ◽  
Significant Cost ◽  
Cost Drivers ◽  
Cost Implications ◽  
The Cost

Protection of the environment has been and will continue to be a major issue facing the pipeline business around the world. Many of the decisions companies make relating to future investments and ongoing operations have environmental implications. These decisions can have significant cost implications that impact the bottom line of oil and gas transportation companies. Most companies do not track their environmental costs rigorously and thus, do not have a good understanding of the magnitude of these costs. Recently, we have undertaken studies to define and identify the major environmental cost drivers in the industry. As part of these studies, we identified some potential measures of environmental performance and actually measured certain aspects of environmental performance in pipeline companies. This paper will provide insights into the major environmental cost drivers in the industry and will define these cost drivers. It will provide some ideas on “what to measure” relating to environmental costs. Implementing an environmental cost management system is not a trivial task. It is difficult to assess how much of the cost associated with a certain investment is related to the environment. This can only be determined on a project by project basis and will also be unique from company to company. Although there is no “cookbook” approach to implementing this system, this paper will provide some guidance for implementing such a system.

scholarly journals ANALISIS PENERAPAN ENVIRONMENTAL MANAGEMENT ACCOUNTING (EMA) DALAM MENINGKATKAN EKO-EFISIENSI USAHA (Studi Kasus Pada Rumah Sakit Ibnu Sina YW-UMI Kota Makassar)

2020 ◽  
Vol 17 (2) ◽  
pp. 242-253
Author(s):  
Indrawan Azis ◽  
Andi Widiawati ◽  
Annisa Aprilia Nur
Keyword(s):  
Environmental Management ◽  
Environmental Performance ◽  
Qualitative Method ◽  
Management Accounting ◽  
Public Awareness ◽  
Environmental Damage ◽  
Environmental Costs ◽  
The Public ◽  
Environmental Management Accounting ◽  
The Impact

Current issues related to the environment to be one of the issues that got the attention of the public. Awareness of the community to participate in protecting the environment is increasing from time to time. It encourages businesses as part of the community itself, to participate in maintaining the environment in ways that minimize the risk of environmental damage as a result of the operational company's. In this case, the needed cost of the so-called environmental costs. Environmental costs necessary to achieve eco-efficiency efforts, one of which is the use of Environmental Management Accounting (EMA), by identifying environmental costs by classifying into the category of environmental quality to evaluate their environmental performance.  This study uses the Ibnu Sina Hospital YW-UMI Makassar City engaged in health services as research objects. In this study the author uses descriptive qualitative method. The results showed that the Ibnu Sina Hospital YW-UMI Makassar City yet to implement Environmental Management Accounting (EMA), manage environmental costs, but this hospital has managed the impact of the environment.

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