Financial and non-financial environmental information: significant factors for corporate environmental performance measuring

Ioannis Nikolaou and Konstantinos Evangelinos

International Journal of Managerial and Financial Accounting, 2012, vol. 4, issue 1, 61-77

Abstract: Nowadays, many companies implement strategies for managing their day-to-day negative impacts on the environment mainly due to direct and indirect pressure from stakeholders. The impact of these strategies can be recorded in financial and non-financial terms, both being necessary for measuring overall business performance. This paper summarises relevant literature on current environmental accounting methods and presents a conceptual model for recording and disclosing information on financial and non-financial environmental performance in a reliable and transparent manner. This model analyses the steps for interpreting business environmental strategies in appropriate terms in order to follow environmental financial information through formal financial statements (balance-sheets and profit and loss statements) as well as non-financial environmental information into balance footnotes.

Keywords: formal financial statements; economic performance; corporate environmental management; stakeholder theory; environmental accounting; financial reporting; environmental information; performance measurment; non-financial information. (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:injmfa:v:4:y:2012:i:1:p:61-77

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