Environmental Accounting: Building Sustainable Business Capabilities

Environmental accounting is the process of identifying, measuring, and reporting the financial impact of an organization's interactions with the natural environment. It is a way for businesses to assess the economic benefits and costs associated with their environmental performance. The goal of environmental accounting is to help companies build sustainable business capabilities by identifying and addressing environmental risks and opportunities. This can include measuring and reporting on greenhouse gas emissions, water usage, and waste management. By tracking these metrics, companies can make informed decisions about how to reduce their environmental impact, improve their overall sustainability, and achieve long-term economic benefits.