A Theoretical Approach towards Emerging Environmental Accounting

Social responsibility regarding the environment and its protection is one of the most important areas in today’s corporate social responsibility. In order to sustain in this globally competitive world most of the industrial and corporate houses globally are incorporating the concept of environmental element and eco-friendly activities in their daily business operations. As the entire world continues its rapid move towards industrialisation, the industrial houses are clear in their perspective that along with the quality in their businesses they have to incorporate the concept of environment too in order to be successful in their fields. Moreover, international awareness regarding environment sustainability, acceptance of the importance of environmental issues and to manage the environmental goals has motivated the development of a branch of accounting called environmental accounting also called green accounting. The present research paper focuses on the theoretical approach of emerging environmental accounting also known as green accounting.