Accomplishments
Environmental Accounting Disclosure Practices of India ( a comparative study of Larsen and Toubro and Tech Mahindra,
- Abstract
Abstract: This study has been undertaken to examine and study the environmental accounting disclosure practices in India and the improvement needed to improve quality in the disclosure practices. The goal of the research paper is to focus on the importance of Environmental Accounting at the corporate level. It is observed that a standard style for environmental accounting disclosure practices is missing in India. In this study, five consecutive sustainability reports of two Indian companies, Larsen & Toubro, and Tech Mahindra were examined and compared on various parameters. These two companies are among the first five top companies of India that are disclosing environmental accounting information. After studying sample units, it can be concluded that though environmental reporting has become a part of corporate reporting, it is found that there is a lack of comparability and verifiability, the basic features of accounting information. There is a need that corporations should follow common guidelines in disclosing practices of environmental accounting. Keywords: Environmental Accounting, Environmental Policy, Larsen and Toubro, Tech Mahindra.