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Assessment of the Profitability of Environmental Activities in Forestry

Author

Listed:
  • Iryna Zamula

    (Department of Accounting and Audit, Zhytomyr Polytechnic State University, 10004 Zhytomyr, Ukraine)

  • Maryna Tanasiieva

    (Department of Accounting, Analysis and Audit, Yuriy Fedkovych Chernivtsi National University, 58012 Chernivtsi, Ukraine)

  • Vitalii Travin

    (Department of Digital Economics and International Economic Relations, Zhytomyr Polytechnic State University, 10004 Zhytomyr, Ukraine)

  • Vitalii Nitsenko

    (Department of Accounting and Taxation, Interregional Academy of Personnel Management, 03039 Kyiv, Ukraine)

  • Tomas Balezentis

    (Division of Farm and Enterprise Economics, Lithuanian Institute of Agrarian Economics, 03220 Vilnius, Lithuania)

  • Dalia Streimikiene

    (Division of Farm and Enterprise Economics, Lithuanian Institute of Agrarian Economics, 03220 Vilnius, Lithuania)

Abstract

The paper presents a framework for the financial analysis of the environmental measures (programmes) for forestry enterprises. The indicators of the economic and social effectiveness of environmental measures are discussed. The prospects for their implementation in the context of sustainable forest management in Ukraine are analysed. The research focuses on the effectiveness of environmental measures at the level of forestry enterprise. The proposed framework allows for determining the economic and social effectiveness of environmental measures at the enterprise level. To this end, the net discounted income is used to measure the profitability of environmental measures. The payback period is determined to provide an intuition behind the decision to participate in the environmental measures. The proposed framework allows for improving decision support for the national sustainable forestry development programmes not only at the macro level, but also at the level of enterprises.

Suggested Citation

  • Iryna Zamula & Maryna Tanasiieva & Vitalii Travin & Vitalii Nitsenko & Tomas Balezentis & Dalia Streimikiene, 2020. "Assessment of the Profitability of Environmental Activities in Forestry," Sustainability, MDPI, vol. 12(7), pages 1-15, April.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:7:p:2998-:d:343079
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    References listed on IDEAS

    as
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    4. Giorgia Nigri & Mara Del Baldo, 2018. "Sustainability Reporting and Performance Measurement Systems: How do Small- and Medium-Sized Benefit Corporations Manage Integration?," Sustainability, MDPI, vol. 10(12), pages 1-17, November.
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    Cited by:

    1. Margarita Ignatyeva & Vera Yurak & Alexey Dushin, 2022. "Valuating Natural Resources and Ecosystem Services: Systematic Review of Methods in Use," Sustainability, MDPI, vol. 14(3), pages 1-17, February.
    2. Zhuk, Valerii & Zamula, Iryna & Liudvenko, Dmytro & Popko, Yevheniya, . "Development of non-financial reporting of agricultural enterprises of Ukraine," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(4).
    3. Dmytro Liudvenko, 2020. "Information Needs of an Environmentally Conscious Society regarding the Functioning of Animal Husbandry Enterprises," Oblik i finansi, Institute of Accounting and Finance, issue 4, pages 22-29, December.
    4. Koliadenko, Svitlana & Andreichenko, Andrii & Galperina, Liubov & Minenko, Sofiia & Kovylina, Maria, . "Analysis and forecasting of Ukrainian agrarian exports to the EU countries," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3).
    5. Julio R. Gómez & Enrique C. Quispe & Rosaura del Pilar Castrillón & Percy R. Viego, 2020. "Identification of Technoeconomic Opportunities with the Use of Premium Efficiency Motors as Alternative for Developing Countries," Energies, MDPI, vol. 13(20), pages 1-16, October.
    6. Zamula, Iryna & Prodanchuk, Mykhailo & Kovalchuk, Tatiana & Mуhalkiv, Alla & Simakov, Kostiantyn, . "Engineering of business processes in accounting support of cash management," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 6(3).
    7. Furdychko, Orest & Drebot, Oksana & Palianychko, Nina & Dankevych, Stepan & Okabe, Yoshihiko, . "Ecological and economic reporting as an indicator of the state of forestry land use," Agricultural and Resource Economics: International Scientific E-Journal, Agricultural and Resource Economics: International Scientific E-Journal, vol. 7(2).

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