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Financial and non-financial environmental information: significant factors for corporate environmental performance measuring

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  • Ioannis Nikolaou
  • Konstantinos Evangelinos

Abstract

Nowadays, many companies implement strategies for managing their day-to-day negative impacts on the environment mainly due to direct and indirect pressure from stakeholders. The impact of these strategies can be recorded in financial and non-financial terms, both being necessary for measuring overall business performance. This paper summarises relevant literature on current environmental accounting methods and presents a conceptual model for recording and disclosing information on financial and non-financial environmental performance in a reliable and transparent manner. This model analyses the steps for interpreting business environmental strategies in appropriate terms in order to follow environmental financial information through formal financial statements (balance-sheets and profit and loss statements) as well as non-financial environmental information into balance footnotes.

Suggested Citation

  • Ioannis Nikolaou & Konstantinos Evangelinos, 2012. "Financial and non-financial environmental information: significant factors for corporate environmental performance measuring," International Journal of Managerial and Financial Accounting, Inderscience Enterprises Ltd, vol. 4(1), pages 61-77.
    • Handle: RePEc:ids:injmfa:v:4:y:2012:i:1:p:61-77
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    References listed on IDEAS

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