Environmental Accounting (EA) is a subset of accounting that focuses on the efficient use, management, and reporting of resources used by businesses to reduce environmental impacts. EA includes identifying, measuring, and communicating the costs of a company's economic activities associated with the environment.
An environmental audit, also known as a green audit, assesses the impact of an organization's activities on the environment. Its goal is to ensure an organization’s operations comply with environmental policies, and recommendations for sustainability are regularly reviewed. Such audits can be internal or conducted by external consultants.
A comprehensive look into green reporting, an environmental accounting practice where companies quantify their environmental impacts. This is a growing area in corporate reporting, reflecting heightened concerns of investors, consumers, and stakeholders. New Zealand and the EU are at the forefront with specific legislation in place.
Social Responsibility Reporting (also known as Corporate Social Reporting) refers to the practice of communicating a business's initiatives and achievements in social accounting issues, often included within the annual accounts or in a separate report.
