international journal of philosophy and social-psychological sciences
Environmental Accounting: Pillar of Corporate Social Responsibility and Disclosure
Deepika Kapoor, Pooja Sharma
Globalization and privatization paradigms has emerged corporate social responsibility as one of the significant measure. As per the Hindu Philosophy, Environment is to be valued and protected like parents. Therefore, Environmental reporting has become an ingredient for sustainable development. Environment protection and accounting has become one of the most crucial areas to be focused on for achievement of Corporate Social Responsibility. In Today’s era sustainability in global market is witnessed by meeting the needs of consumers by providing health and safety standards. Every corporate is required to disclose the information regarding their contribution towards environment. This paper gives a conceptual framework of foundation of environmental accounting from CSR concept. The aim of study is to examine the extent of corporate environmental disclosures by the listed companies. The study also focuses on analyzing the impact of profitability on environmental disclosure. Content analysis and regression tools are used for conducting the research. EAR is not found to be satisfactory as most of the companies are making the qualitative disclosure instead of quantitative disclosures in their annual reports. Therefore, in order to improve the EAR practices in the companies, the proper authority need to implement the environmental standards and guidelines.