A Case study on Environmental Accounting with Reference to JSW Steel Limited
- Shreeda Shah, Faculty of Business Administration, GLS University, Ahmedabad
- Dr. Viral Shah, New L.J. College of Commerce, Ahmedabad
Abstract:
Economic growth of a nation well as firm’s financial growth is driven by many factors such as
technological advancement, savings and investment rates, government policies resulting in
reduction in Natural Resources, Pollution, Climate Change, Global Warming, Industrial and
Household Waste, Ozone Layer Depletion etc. This requires special attention, therefore
preservation of Natural Resources and Environmental awareness has initiated a novel branch of
accounting known as Environmental Accounting or Green Accounting. Environmental
Accounting refers to disclosure of environment related matters in financial statements of the
firm. It communicates whatever steps taken up for the conservation of environment by the firm
to stakeholders such as Government, Shareholders, Bank, and Financial Institutions etc. This
paper is based on content analysis of Annual Reports of JSW Steel Limited. Study reveals that
JSW Steel Limited is disclosing Environmental Accounting in a constructive manner. Finally,
the study also made some suggestions for JSW Steel Limited.
Keywords:
Environment Accounting, JSW Steel