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

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