- Bangladeshi banks are increasingly recognizing the importance of environmental accounting and reporting (EAR), though EAR practices are still developing.
- From 2010-2014, EAR disclosures by banks improved, with more quantitative and qualitative information included in annual reports.
- While most banks now include some environmental information, reporting quality and consistency needs improvement. Mandatory EAR guidelines would help standardize and improve reporting.
- Key activities reported include tree planting, waste management programs, and green financing options. However, comprehensive and detailed EAR remains limited.
Environmental accounts also known as green account provide data which highlight both the contribution of natural resources to economic well-being and the costs imposed by pollution or resource degradation.
Presentation of Dr. Tonie Balangue, President and Executive Director
Resources, Environmental and Economic Center for Studies, Inc., on "Green Accounting" during the UP Manila Conference on Global Climate Change, October 22-23, 2009, Pearl Garden Hotel, Manila.
This slide deck by Ace Cloud Hosting explorers how green accounting or environmental accounting incorporates the environmental sources & assets into corporate accounts.
1.1 identify the type of accounting
1.2 difference between Cost Accounting , Cost Accountancy and Costing
1.3 understand the Management information needs
1.4 identify the objectives of cost accounting
1.5 difference between Cost Accounting Vs. Financial Accounting
1.6 identify the role of cost accountant
By Brandon Boze, Margarita Krivitski, David F. Larcker, Brian Tayan, and Eva Zlotnicka
Stanford Closer Look Series
May 23, 2019
Recently, there has been debate among corporate managers, board of directors, and institutional investors around how best to incorporate ESG (environmental, social, and governance) factors into strategic and investment decision-making processes. In this Closer Look, we examine a framework informed by the experience of ValueAct Capital and include case examples.
We ask:
• What is the investment horizon prevalent among most companies today?
• Do companies miss long-term opportunities because of a focus on short-term costs?
• How many companies have an opportunity to profitably invest in ESG solutions?
• What factors determine whether a company can profitably invest in ESG solutions?
• Can investors earn competitive risk-adjusted returns through ESG investments?
• If so, how widespread is this opportunity?
Past, Present & Future of Green Banking in BangladeshRatan Ghosh
This presentation shows the Current Disclosure Practices of Listed Commercial Banks of Bangladesh. It also dictates some future accounting reporting & treatment of Green Banking Practices. Some Recommendations are also added in order to pave the way to some sort of discussion.
Environmental accounts also known as green account provide data which highlight both the contribution of natural resources to economic well-being and the costs imposed by pollution or resource degradation.
Presentation of Dr. Tonie Balangue, President and Executive Director
Resources, Environmental and Economic Center for Studies, Inc., on "Green Accounting" during the UP Manila Conference on Global Climate Change, October 22-23, 2009, Pearl Garden Hotel, Manila.
This slide deck by Ace Cloud Hosting explorers how green accounting or environmental accounting incorporates the environmental sources & assets into corporate accounts.
1.1 identify the type of accounting
1.2 difference between Cost Accounting , Cost Accountancy and Costing
1.3 understand the Management information needs
1.4 identify the objectives of cost accounting
1.5 difference between Cost Accounting Vs. Financial Accounting
1.6 identify the role of cost accountant
By Brandon Boze, Margarita Krivitski, David F. Larcker, Brian Tayan, and Eva Zlotnicka
Stanford Closer Look Series
May 23, 2019
Recently, there has been debate among corporate managers, board of directors, and institutional investors around how best to incorporate ESG (environmental, social, and governance) factors into strategic and investment decision-making processes. In this Closer Look, we examine a framework informed by the experience of ValueAct Capital and include case examples.
We ask:
• What is the investment horizon prevalent among most companies today?
• Do companies miss long-term opportunities because of a focus on short-term costs?
• How many companies have an opportunity to profitably invest in ESG solutions?
• What factors determine whether a company can profitably invest in ESG solutions?
• Can investors earn competitive risk-adjusted returns through ESG investments?
• If so, how widespread is this opportunity?
Past, Present & Future of Green Banking in BangladeshRatan Ghosh
This presentation shows the Current Disclosure Practices of Listed Commercial Banks of Bangladesh. It also dictates some future accounting reporting & treatment of Green Banking Practices. Some Recommendations are also added in order to pave the way to some sort of discussion.
Environmental Reporting Practices in annual Reports of selected pharmaceutica...inventionjournals
The present study is a critical investigation of the environmental disclosures practices by selected Pharmaceutical and Chemical industries in Bangladesh. The study disclosed that an average sample companies only 9.97 Pharmaceutical and Chemical Companies should disclose more information in the annual report but we have identified only very few information. For conducting our smooth analysis, we have selected 15 Pharmaceutical and Chemical Companies of Bangladesh purposively from the study, we have identified only two companies disclosed maximum 18 environmental factors in their annual report out of 74 factors
Employees' Perception towards In- House Green Banking Activities of the Comme...Dr. C.VIJAI
The most important themes of 21st century are the environmental protection and sustainable ecological balance, and it becomes an important issue that must be considered by all functional areas. However, green banking is still a major issue and can take an important role for the development of India. Even though the Indian banks have identified the need for greening their activities, they are running behind their counterparts that of developed economies. In addition to mitigating risks, green banking opens up new markets and avenues for product differentiation. The present study focuses its main attention to answer what in-house green banking practices are followed by the select commercial banks? In this context, the researchers have made an attempt to examine the perception of employees towards in-house green banking activities of the commercial banks in Cuddalore district. By adopting multi-stage sampling 175 employees were selected. As an essential part of the study, the primary data were collected from 175 bank employees with the help of schedule. The perception of the employees have been analyzed using student t test, analysis of one-way variance, analysis of co-efficient of variation, discriminant function analysis, and multiple regression analysis. The results of the study reveal that there is no significant relationship among the acceptance levels of the respondents of different genders, age groups, educational status groups, monthly salary groups, tenure of experience, place of work, bank belongs to, and type of bank towards in-house green activities of the select commercial banks. Security and privacy issues, technical issues, lack of infrastructure, lack of coordination among stakeholders, lack of awareness and capacity building, higher operating expenses, reputation risk, diversification issues - limiting and restricting the business, infant nature of green concept and liquidity issue are the problems stated by the bank employees in regards green banking. The researchers suggest various measures to improve the scope of green banking.
International Journal of Business and Management Invention (IJBMI)inventionjournals
International Journal of Business and Management Invention (IJBMI) is an international journal intended for professionals and researchers in all fields of Business and Management. IJBMI publishes research articles and reviews within the whole field Business and Management, new teaching methods, assessment, validation and the impact of new technologies and it will continue to provide information on the latest trends and developments in this ever-expanding subject. The publications of papers are selected through double peer reviewed to ensure originality, relevance, and readability. The articles published in our journal can be accessed online.
The Journal will bring together leading researchers, engineers and scientists in the domain of interest from around the world. Topics of interest for submission include, but are not limited to
Bangladesh is one of the fastest growing economies among the countries with similar nature. The country has made a notable progress during the MDG era despite several political and environmental challenges. At the end of MDG a new era has just begun with much more diversified targets called Sustainable Development Goals (SDGs). SDG is a transformative, universal agenda with an overarching imperative of ‘leaving no one behind’ and requires each country to commit to her own agenda and priorities with a monitoring and reporting mechanism. At the same time the SDG also puts massive challenges to all countries to ensure financing and effective implementation by incorporating SDG in to the national policies. This document tries to identify what important role Bangladesh Parliament, as the supreme law making and oversight body of the executives, can play to i) identify national priorities for the country and ii) ensure effective monitoring and implementation of these global targets. The SDG has just begun as well as many analysis and activities of the world community.
Environmental Management Reporting and Corporate Performance Evidence from Na...ijtsrd
The study examine the extent of disclosure of environmental management practices of quoted firms in Nigeria and how it affects their corporate performance. The study was conducted using all the twenty one Agriculture, Natural Resources, and oil and gas firms quoted on the floor of the Nigerian stock market. Firm size, profitability, and return on assets were used to measure firm corporate performance. Twenty four 20 content category items within four 4 testable dimensions of corporate environmental disclosure was developed for coding environmental management disclosures. The data obtained were analysed using the ordinary least square OLS regression analysis. It was found that environmental management disclosure does not significantly affect firm's profitability and ROA while firm size was found to increase with the level of environmental management disclosure. The study recommended that quoted firms should consider the gains of disclosing their environmental practices online to facilitate accessibility and ensure that stakeholders are aware of their efforts towards environmental sustainability. Theophilius Okonkwo Okegbe | Ezelibe Chizoba Paulinus | Okoye Henry Onyebuchi "Environmental Management Reporting and Corporate Performance: Evidence from Natural Resources, Agriculture, Oil and Gas Firms in Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-3 | Issue-5 , August 2019, URL: https://www.ijtsrd.com/papers/ijtsrd27888.pdfPaper URL: https://www.ijtsrd.com/humanities-and-the-arts/environmental-science/27888/environmental-management-reporting-and-corporate-performance-evidence-from-natural-resources-agriculture-oil-and-gas-firms-in-nigeria/theophilius-okonkwo-okegbe
Environmental Sustainability Accounting and the Performance of Oil and Gas Co...ijtsrd
This research paper seeks to establish Environmental sustainability Accounting and the performance of Oil and Gas Companies in Rivers State, Nigeria. To achieve the objective of the study, hypotheses were formulated, and a review of related literature was made. The hypotheses were tested using multiple regression analysis with the aid of E View, using a 5 level of significance. Based on the findings of this study, we conclude that the disclosure of human resources disclosure and environmental sustainability disclosure significantly affect the financial performance of oil and gas companies in Rivers State. It was recommended among others that the government should put in place suitable legislation for all companies to make adequate disclosure of their activities to the Environment, and firms should formulate and implement environmentally friendly policies. Isaac Laime Odogu | Timinipre Joseph Okpobo "Environmental Sustainability Accounting and the Performance of Oil & Gas Companies in Rivers State, Nigeria" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-6 | Issue-5 , August 2022, URL: https://www.ijtsrd.com/papers/ijtsrd50644.pdf Paper URL: https://www.ijtsrd.com/management/accounting-and-finance/50644/environmental-sustainability-accounting-and-the-performance-of-oil-and-gas-companies-in-rivers-state-nigeria/isaac-laime-odogu
The study was conducted to find out the Present scenario of green banking practices in Bangladesh. Green
banking is not just a corporate social responsibility activity; it is all about going beyond to keep the world livable
without any significant damage. Green banking that considers all the social and environmental factors is also
called ethical banking. The main objective of green Banking is to ensure the use of organizational resources in
favor of the environment and society. Green banking as a concept is proactive and smart way of thinking with a
vision for future sustainability of our only Spaceship earth. Bangladesh Bank is the first central bank in the world
that has taken real initiatives to facilitate the way of Green banking practice. With some specific guidelines and
legal frameworks the central bank of Bangladesh has been urging all the commercial banks in Bangladesh to
develop their own Green Banking Policies.
Corporate Social Responsibility Practices of Commercial Banks in Bangladesh: ...IOSR Journals
This paper explores how private commercial banks practices Corporate Social Responsibility (CSR) in Bangladesh in conserved the case of Southeast Bank Ltd.. In keeping with global movement, CSR is being seen as the source of new competition edge for the banking sectors of Bangladesh. Banks’ of Bangladesh practices CSR to not only improve community relations but also as source of significant commercial benefit. Southeast Bank Ltd. practices CSR under the rules and regulation of Bangladesh Bank. The study based on annual report of 2012 of Southeast Bank Ltd. This study shows that Southeast Bank expenses BDT36.85 million in the year 2012 in the area of education, health, community development, environmental issue, art and culture, sports etc.. Nevertheless, bank expenses highest amount in education sector through scholarship program in Bangladesh whereby school, college and university education tuition and expenses have fully paid for unconditionally. The study can help banking manger’s understand what should be done for the benefits of customers and the community for sustainability.
“Green Environment” relates to the concerns for environmental conservation and improved health of the environment. This includes supporting practices like informed consumption, conservation practices and investment in renewable energy.Why is green environment important?
Going green reduces air pollution and environmental toxins that could affect our body's immune system that fights infections, and that could expose us to diseases and fatal illnesses
An evaluation of green banking practices in bangladesh
ENVIRONMENTAL ACCOUNTING CONCEPT AND REPORTING PRACTICE
1. PRESENTED BY:
Md. Abdul Kaium Masud
Assistant Professor
Department of Business
Administration,
Noakhali Science and
Technology University,
Mohammad Sharif Hossain
Uttara University
Saifuddin Khan
Lecturer,
University of Rajshahi,
Rajshahi
2. Environment is not only a word but
also a definition of life. We do not
think about our future generation.
We are so concerned of our business,
property, bank balance, wealth etc.
But who will consume these?
Interestingly, business doesn’t ask to
make the world complex. Every day
we are destroying our environment
and now Bangladesh is the fourth
country with worst urban air quality
in the world (The Daily Star, 2016).
3. Environmental reporting has been a
phenomenon of developed countries
and therefore, most environmental
accounting and reporting studies were
confined to the developed countries
(Belal, 2000) and a handful of studies
concentrated on the newly
industrialized countries such as Korea,
Hong Kong, Malaysia and Singapore and
African countries such as South Africa,
Nigeria and Uganda.
4. Choi 1998, Hossain and Chowdhury, 2014,
Bose Sudipta, 2006, Rahman and
Muttakin, 2005, Belal, A.R (1997,1999),
Gray, Adam has examined different
studies on environmental reporting.
5. The research focuses on the environmental
accounting concepts and reporting practices
of banking sector of Bangladesh. The study
also covers the following specific objectives:
To find out the present environmental
accounting practices of banking sector.
To find out whether the banking companies
have taken any protection on environment.
To observe the position of environmental
information in the annual report.
To observe the legal position of environmental
accounting in Bangladesh.
6. The study is purely based on the
information from secondary data
sources. The reason is that in our
country the use of environmental
accounting and reporting is rare and
in most of the cases, the concept
and understanding is not proactive.
The data collected for the purpose
of the study involves the
examination of annual reports for
the year 2010 and 2014 of selected
banks.
7. The data collected for the purpose
of the study involves the
examination of annual reports for
the year 2010 and 2014 of selected
banks. The study is completely a
descriptive research on
environmental accounting concept
and reporting practices of banking
sector in Bangladesh based on a
small sample size.
8. The banking companies
considered in the study include
twelve scheduled private
commercial banks listed in the
Dhaka stock exchange. In the
study judgment sample has been
used for choosing the sample
banks. Scheduled and listed
banking companies are only
considered for the study.
9. The sample for the study has been taken from
the scheduled private commercial banks of
the country. Bangladesh bank is the central
bank of the country and the chief regulatory
authority in the financial sector. The banking
system is composed of 4 state-owned
commercial banks, 4 specialized
development banks, 35 private commercial
Banks and 9 foreign commercial banks and a
total of 52 scheduled banks.
10. Accounting is a recording process that
collects records and communicates the
necessary information to the different
stakeholders to survive in the society.
EA is concerned with the information of
the organization related with
environment and environmental issues.
Environmental accounting describes
the generation, analysis and use of
monetarised environmental
information in order to improve
organizational environmental and
economic performance.
11. NEED OF ENVIRONMENTAL
ACCOUNTING IN CORPORATE LEVEL:
To understand the overall environmental
performance of the organization.
To identify environmental risks of the
organization.
To know the environmental policy of the
organization.
To measure environmental responsibilities of
the organization.
To assess annual environmental expenditure.
Calculating costs and savings of
Environmental projects.
To show eco-design projects.
12. Investment made into the environment
friendly equipment.
Stopping pollution like soil erosion, loss
of bio diversity, air pollution, water
pollution, problem of solid waste,
coastal & marine pollution.
Working on nonrenewable natural
resources.
Encouraging nonrenewable energy
sector.
Climate change issues.
13. ORGANIZATIONAL BENEFITS OF
PRODUCING ENVIRONMENTAL REPORT:
Organization has benefits of producing
environmental report from internal and external
point of view. It also helps to understand the
internal benefits, such as cost savings,
environmental grants and reward given by
government and other organizations, tax benefits
or revenues generated. On the other hand, the
external environmental costs and benefits are the
impact which the organization’s activity has on
wider society and environment at present and in
the future. It helps to understand the external
environmental impacts such as contamination of
ground water, traffic congestion, and poor urban
air quality (The Daily Star, 2016) and so on
14. Environmental Accounting Concept of
Banking Sector of Bangladesh:
Environmental accounting is a
concept of developing countries and
Bangladesh is far behind of the
concept and reporting. But presently
due to different stakeholders’
pressures, companies are trying to
provide some information in the
annual report. Bank is a financial
organization and non manufacturing
in nature.
15. Mercantile Bank Limited (MBL) 2010 to
2014 states its annual report; the whole
world is increasingly experiencing the
devastating effects of environmental
changes for green house affects due to
global warming. The bank is mindful of its
responsibilities to the future generations
by playing its part in promoting
environmental awareness and in the
conservation of the environment.
16. Export Import Bank Limited (EXIM)
2010 to 2014 described in the
annual report; EXIM bank is
extremely conscious about the
effect of carbon-emission, green
house-effect and global warming
phenomenon. EXIM bank has been
scrutinizing the environmental and
social impacts of various running and
proposed projects
17. Ministry for Forest and Environment,
Department of Forest, Department of
Environment, Planning Commission, Bank
Companies Act 1991, National Environment
Policy, 1992, Financial Institutions Act 1993,
Securities and Exchange Commission Act
1993, Financial Institutions Act,
1993,Companies Act 1994National
Environmental Management Action Plan,
1995, Environmental Conversion Act, 1995,
Environmental Conversion Rules, 1997
18. Environmental Protections Activities
Taken by the Banks:
Name
of Bank
Major Environmental Protective
Functions
Islami
Bank
Banglades
h Ltd.
ETP, Bio-gas plant, Solar Home System, Solar
Panel trades, Bio-ertilizer plant, Tunnel Kiln,
Installation of Zigzag kiln, Waste and hazardous
disposal plant, Waste paper recycling plant,
Waste attery recycling plant, Financing of LED
bulb production, Safe/Clean Water Supply
Projects, Improved cooking stove (Bandhu Chula
Al Arafa
Islamic
Bank Ltd.
Tree plantation, ETP, HHK & Zigzag technology,
Solar panel, Introduces "Green Office Guide" for
In-house Environmental Management.
Brack
Bank Ltd.
Paperless banking, Solar energy, Green financing,
Climate risk fund, Marketing and training &
capacity building, ETP, Solar Panels, Double hull
22. Environmental Accounting would be
the best weapon of the modern
business management to create
accountability in the society as well
as to save the environment from the
present conditions. It can be used
like a mirror of the business
organization to show what impact its
activities can create on society.
23. The study found that environmental
accounting concept and reporting
practices of Bangladeshi banking
companies are upward in trend.
Most of the banking companies are
trying to disclose some
environmental information in the
annual report
24. The performance of disclosing
environmental information and
place of information in the annual
report is poor in the year of 2010
and 2011. Moreover in the period of
2012 to 2014 all banking companies
EAR performance is in strong
position and all banks (100%)
disclosed environmental information
in the annual report
25. More than 90% banking companies disclosed
both financial and nonfinancial information
in the annual report. However on average
more than seventy five percent (75%)
banking companies disclosed environmental
information in the different section of annual
report. It indicates the importance of
management in the matter of EAR. Most of
the banks provide information of
environmental accounting in a separate
section that is highly appreciable.
26. We strongly want to say that
environmental reporting should be made
mandatory in Bangladesh. Banking
companies in Bangladesh should be asked
to submit the detailed environmental
information to the government relevant
institutions specially Bangladesh bank.
Company law, Banking companies law and
Securities and Exchange Commission law
should give the mandatory directions
regarding disclosing EAR