IDEAS home Printed from https://ideas.repec.org/a/spr/endesu/v23y2021i4d10.1007_s10668-020-00880-1.html
   My bibliography  Save this article

Green accounting in Colombia: a case study of the mining sector

Author

Listed:
  • Candy Chamorro Gonzalez

    (Universidad Católica Luis Amigo
    Universidad de la Costa (CUC))

  • Ketty Herrera Mendoza

    (Universidad Católica Luis Amigo
    Universidad de la Costa (CUC))

Abstract

The environmental crisis involves several responsible parties, and industries are one of them. Therefore, it is important to interrelate the environment and economy to generate an environmental commitment by industries. Green accounting arises with the aims of providing quantitative and qualitative information on the company’s environmental aspects. This paper describes the current state of green accounting in the leading mining companies in Colombia according to the Ministry of Energy and Mines of Colombia. Findings show that 80% of the selected mining companies integrate green accounting in their management system. However, the underlying procedures are not always put into practice. Therefore, accounting studies must lead to the development of an environmental accounting model and the implementation of mandatory regulations for green accounting.

Suggested Citation

  • Candy Chamorro Gonzalez & Ketty Herrera Mendoza, 2021. "Green accounting in Colombia: a case study of the mining sector," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(4), pages 6453-6465, April.
    • Handle: RePEc:spr:endesu:v:23:y:2021:i:4:d:10.1007_s10668-020-00880-1
    DOI: 10.1007/s10668-020-00880-1
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10668-020-00880-1
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1007/s10668-020-00880-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Nicholas Z. Muller & Robert Mendelsohn & William Nordhaus, 2011. "Environmental Accounting for Pollution in the United States Economy," American Economic Review, American Economic Association, vol. 101(5), pages 1649-1675, August.
    2. Md. Abdul Kaium Masud & Seong Mi Bae & Jong Dae Kim, 2017. "Analysis of Environmental Accounting and Reporting Practices of Listed Banking Companies in Bangladesh," Sustainability, MDPI, vol. 9(10), pages 1-19, September.
    3. Gundo Susiarjo & Sree Sreenath & Ali Vali, 2006. "Optimum Supportable Global Population: Water Accounting and Dietary Considerations," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 8(3), pages 313-349, August.
    4. Eutimio Mejia Soto & Luis Alberto Vargas Marín, 2012. "Contabilidad para la sostenibilidad ambiental y social Patterns in Neighboring Areas: Colombia," Lúmina. Revista iberoamericana de Contabilidad, Administración y Economía, Facultad de Ciencias Contables, Económicas y Administrativas, Universidad de Manizales., vol. 0(13), pages 48-71, Diciembre.
    5. Evan Thomas & Bernard Amadei, 2010. "Accounting for human behavior, local conditions and organizational constraints in humanitarian development models," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 12(3), pages 313-327, June.
    6. Theodore P. Lianos & Anastasia Pseiridis, 2016. "Sustainable welfare and optimum population size," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 18(6), pages 1679-1699, December.
    7. Kjell Mårtensson & Karin Westerberg, 2016. "Corporate Environmental Strategies Towards Sustainable Development," Business Strategy and the Environment, Wiley Blackwell, vol. 25(1), pages 1-9, January.
    8. Wirth, Herbert & Kulczycka, Joanna & Hausner, Jerzy & Koński, Maciej, 2016. "Corporate Social Responsibility: Communication about social and environmental disclosure by large and small copper mining companies," Resources Policy, Elsevier, vol. 49(C), pages 53-60.
    9. Mohammad Enamul Hoque, 2017. "Why Company Should Adopt Integrated Reporting?," International Journal of Economics and Financial Issues, Econjournals, vol. 7(1), pages 241-248.
    10. Hector Viveros, 2016. "Examining Stakeholders' Perceptions of Mining Impacts and Corporate Social Responsibility," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 23(1), pages 50-64, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nico Alexander, 2023. "Green Accounting and Firm Value ," GATR Journals afr223, Global Academy of Training and Research (GATR) Enterprise.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Salina P. Siddique & Nick Sciulli, 2018. "Sustainable development of small companies: Investors' perspectives," Business Strategy and the Environment, Wiley Blackwell, vol. 27(8), pages 1258-1271, December.
    2. Nurlan Orazalin & Mady Baydauletov, 2020. "Corporate social responsibility strategy and corporate environmental and social performance: The moderating role of board gender diversity," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1664-1676, July.
    3. LaPlue, Lawrence D., 2022. "Environmental consequences of natural gas wellhead pricing deregulation," Journal of Environmental Economics and Management, Elsevier, vol. 116(C).
    4. Merriam Haffar & Cory Searcy, 2018. "Target‐setting for ecological resilience: Are companies setting environmental sustainability targets in line with planetary thresholds?," Business Strategy and the Environment, Wiley Blackwell, vol. 27(7), pages 1079-1092, November.
    5. Wang, Yonggui & Hong, Aoran & Li, Xia & Gao, Jia, 2020. "Marketing innovations during a global crisis: A study of China firms’ response to COVID-19," Journal of Business Research, Elsevier, vol. 116(C), pages 214-220.
    6. Veronica Devenin & Constanza Bianchi, 2018. "Soccer fields? What for? Effectiveness of corporate social responsibility initiatives in the mining industry," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 25(5), pages 866-879, September.
    7. Liu, Shen & Colson, Gregory & Hao, Na & Wetzstein, Michael, 2018. "Toward an optimal household solar subsidy: A social-technical approach," Energy, Elsevier, vol. 147(C), pages 377-387.
    8. Erik P. Johnson & Juan Moreno-Cruz, 2020. "Congestion in the Electricity Transmission System Redistributes Pollution across Long Distances," CESifo Working Paper Series 8483, CESifo.
    9. Joseph E. Aldy & Robert N. Stavins, 2021. "Rolling The Dice In The Corridors Of Power: William Nordhaus’S Impacts On Climate Change Policy," World Scientific Book Chapters, in: Robert Mendelsohn (ed.), CLIMATE CHANGE ECONOMICS Commemoration of Nobel Prize for William Nordhaus, chapter 1, pages 1-18, World Scientific Publishing Co. Pte. Ltd..
    10. H. Spencer Banzhaf & James Boyd, 2012. "The Architecture and Measurement of an Ecosystem Services Index," Sustainability, MDPI, vol. 4(4), pages 1-32, March.
    11. Joel A. Martínez-Regalado & Cinthia Leonora Murillo-Avalos & Purificación Vicente-Galindo & Mónica Jiménez-Hernández & José Luis Vicente-Villardón, 2021. "Using HJ-Biplot and External Logistic Biplot as Machine Learning Methods for Corporate Social Responsibility Practices for Sustainable Development," Mathematics, MDPI, vol. 9(20), pages 1-16, October.
    12. Milan Ščasný & Emanuele Massetti & Jan Melichar & Samuel Carrara, 2015. "Quantifying the Ancillary Benefits of the Representative Concentration Pathways on Air Quality in Europe," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 62(2), pages 383-415, October.
    13. Joseph S. Shapiro & Reed Walker, 2018. "Why Is Pollution from US Manufacturing Declining? The Roles of Environmental Regulation, Productivity, and Trade," American Economic Review, American Economic Association, vol. 108(12), pages 3814-3854, December.
    14. David A Keiser & Joseph S Shapiro, 2019. "Consequences of the Clean Water Act and the Demand for Water Quality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 349-396.
    15. Nicholas Z. Muller, 2014. "Toward the Measurement of Net Economic Welfare: Air Pollution Damage in the US National Accounts–2002, 2005, 2008," NBER Chapters, in: Measuring Economic Sustainability and Progress, pages 429-459, National Bureau of Economic Research, Inc.
    16. Oksana Seroka‐Stolka, 2023. "Towards sustainability: An environmental strategy choice, environmental performance, and the moderating role of stakeholder pressure," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 5992-6007, December.
    17. Md. Abdul Kaium Masud & Mohammad Nurunnabi & Seong Mi Bae, 2018. "The effects of corporate governance on environmental sustainability reporting: empirical evidence from South Asian countries," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 3(1), pages 1-26, December.
    18. Saeed Nosratabadi & Gergo Pinter & Amir Mosavi & Sandor Semperger, 2020. "Sustainable Banking; Evaluation of the European Business Models," Papers 2003.13423, arXiv.org.
    19. Borghesi, Simone & Cainelli, Giulio & Mazzanti, Massimiliano, 2012. "Brown Sunsets and Green Dawns in the Industrial Sector: Environmental Innovations, Firm Behavior and the European Emission Trading," Climate Change and Sustainable Development 121701, Fondazione Eni Enrico Mattei (FEEM).
    20. Britt Groosman & Nicholas Muller & Erin O’Neill-Toy, 2011. "The Ancillary Benefits from Climate Policy in the United States," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 50(4), pages 585-603, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:endesu:v:23:y:2021:i:4:d:10.1007_s10668-020-00880-1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.