Identifying and Managing Environmental Costs in Businesses - Tools to Expand Business Strategy

In recent years, environmental concerns have become global issues. The increased awareness of corporate social responsibility towards environmental issues has presented a challenge to businesses and accountants: How to account for environmental factors not only by recording and reporting financial information, but also by demonstrating the role of accounting as an effective support tool for administrators to address environmental issues within their economic unit. Businesses face pressure not only from environmental management agencies but also from consumers and the community. In this context, identifying and managing environmental costs becomes indispensable, while also providing opportunities to create competitive and sustainable value for businesses.