Environmental management accounting (EMA) is increasingly recognised as a vital decision-support tool to assist the development and delivery of environmental management strategies for effective corporate sustainability in organisations. Incorporating EMA tools and techniques, such as sustainability balanced scorecards, energy accounting, and carbon management accounting, helps corporations navigate the complexities of integrating sustainability into their business practices. The report focuses on a comparative analysis of EMA practices in Australia and EMA practices in Sri Lanka. The evaluation uncovers valuable insights into critical factors that influence EMA use across diverse corporate landscapes.
To improve corporate sustainability practices, environmental management accounting (EMA) has been increasingly adopted by corporations throughout the world. EMA is a decision support tool which facilitates the environmental management strategies of an organisation. Examples of EMA tools and techniques include; sustainable balanced scorecards, energy accounting and carbon management accounting. This paper reports on the findings of an exploratory study on the usefulness and implementation of EMA practices in Australia and Sri Lanka.
By investigating the similarities and differences between actual EMA practices and their implementation in both a developed and developing country, this study finds insightful outcomes relating to EMA implementation and its drivers and barriers within companies in both countries.