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Title: | Investigating the potential of environmental accounting measures in large Maltese companies |
Authors: | Sacco, Nicole |
Keywords: | Environmental auditing -- Malta Industrial management -- Environmental aspects -- Malta Social responsibility of business -- Malta Managerial accounting -- Malta |
Issue Date: | 2020 |
Citation: | Sacco, N. (2020). Investigating the potential of environmental accounting measures in large Maltese companies (Master's dissertation). |
Abstract: | Purpose: This aim of this research is to assess the feasibility of integrating environment related measures in current management accounting and reporting systems. The study also evaluates management’s role and response concerning the accounting and monitoring of environmental matters in large Maltese companies. Also, a 7-step procedure was discussed with the interviewed participants, including the proposal of several Environmental Performance Indicators (EPIs) as well as the accountants’ role throughout. Design: This qualitative study was conducted through fourteen semi-structured interviews, the majority of which were held with high ranking finance officers. Findings: All interviewees acknowledged the direct relationship that exists between efficiency and environmental improvement, however initiatives directed towards the latter are generally few. Both internal and external factors affect the approach taken by management. Existing local pressures, both within and outside of the firm will inevitably impact the level of environmental accounting, monitoring and reporting done. The majority of the interviewees did not perceive their MAS as a limiting factor when it comes to performing a minimum level of monitoring and reporting. Several EPIs have been found to be relatively feasible to integrate. However, the majority expressed the need for a structured regulatory exercise focusing on directing company efforts towards better monitoring and reporting of the environmental footprint from a financial standpoint. Proper encouragement tools would certainly improve behaviour in this regard. Conclusions: The findings show the feasibility for the monitoring, accounting and reporting of Environmental Performance (EP) in the local scenario. However, companies are discouraged from taking further actions due to external barriers relating to a lack of awareness and a lack of environmental regulations. Value: This dissertation sheds light on the relatively low importance given to the environmental footprint of local Maltese business activities. With the use of adequate EPIs, EP can be measured and reported on, assisting management’s decision making and improving both internal and external reporting. |
Description: | M.ACCTY. |
URI: | https://www.um.edu.mt/library/oar/handle/123456789/66036 |
Appears in Collections: | Dissertations - FacEma - 2020 Dissertations - FacEMAAcc - 2020 |
Files in This Item:
File | Description | Size | Format | |
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20MACC074.pdf Restricted Access | 1.97 MB | Adobe PDF | View/Open Request a copy |
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