The Impact of Environmental Management Accounting on Financial Performance of Cement Companies in India
Keywords:
Financial Performance, Environmental Management Accounting, SustainabilityAbstract
The Cement Industry is a core sector for a nation. Its importance becomes vital especially in present running industrial era where most of the development depends on infrastructural facilities. It plays a significant role in economic and social development of the country. As industrial growth is important for the economy, environmental safety is also vital for the sustenance of mankind. Hence, the regulatory authorities have developed Environmental Accounting which is expected to assess the role played by the environment in the economy. Presently, the cement industry is growing fast and the main objective of this paper is to know how Environmental Accounting has an impact on the financial performance of the cement industries in India. For this, the production and sales, financial ratios of the companies and factors that companies consider to preserve the environment have been considered to measure the profitability status of the selected cement companies in India.
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