Chapter 6. Environmental Accounting

Rebuilding the American Economy 2009 Bainbridge 48 Chapter 6. Environmental Accounting The increasing importance of considering Environmental aspects within a company s decisions demands a broader scope in management Accounting . Eco-management Accounting should enable management to integrate Environmental issues into the decision-making process. Thomas Orbach and Chrisa Liedtke (1998) Estimating and Accounting for the costs of Environmental impacts is a rapidly evolving area of management, Accounting , and finance. However, much greater input from ecological and Environmental scientists and considerable research are both needed to improve the quality of these cost estimates.

Keystone species (which play a critical role in the ecosystem) may be easy to track and can often provide useful information. Indicator species (which are particularly sensitive to change and reflect the overall health of an ecosystem) may help highlight changes that

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