Version 1
: Received: 3 July 2023 / Approved: 4 July 2023 / Online: 4 July 2023 (11:37:06 CEST)
How to cite:
Majerník, M.; Chovancová, J.; Malega, P.; Piatra, L. The Green Bottom Line: Standardizing Environmental Management Accounting for Organizational, Material and Energy Efficiency. Preprints2023, 2023070200. https://doi.org/10.20944/preprints202307.0200.v1
Majerník, M.; Chovancová, J.; Malega, P.; Piatra, L. The Green Bottom Line: Standardizing Environmental Management Accounting for Organizational, Material and Energy Efficiency. Preprints 2023, 2023070200. https://doi.org/10.20944/preprints202307.0200.v1
Majerník, M.; Chovancová, J.; Malega, P.; Piatra, L. The Green Bottom Line: Standardizing Environmental Management Accounting for Organizational, Material and Energy Efficiency. Preprints2023, 2023070200. https://doi.org/10.20944/preprints202307.0200.v1
APA Style
Majerník, M., Chovancová, J., Malega, P., & Piatra, L. (2023). The Green Bottom Line: Standardizing Environmental Management Accounting for Organizational, Material and Energy Efficiency. Preprints. https://doi.org/10.20944/preprints202307.0200.v1
Chicago/Turabian Style
Majerník, M., Peter Malega and Lukáš Piatra. 2023 "The Green Bottom Line: Standardizing Environmental Management Accounting for Organizational, Material and Energy Efficiency" Preprints. https://doi.org/10.20944/preprints202307.0200.v1
Abstract
Criticism has been directed towards the traditional methods of management accounting employed by organizations thus far, as they fail to adequately address the growing need for competitiveness and sustainable development in a globalized environment. This criticism stems from both economic factors, such as insufficient monitoring of material, energy, and escalating overhead costs, and environmental concerns, where inadequate attention is given to vital information regarding significant environmental aspects, impacts, risks, and damages arising from the organization's activities and processes. Additionally, these methods do not sufficiently support the implementation of a functional environmental management system (EMS). Drawing upon our research in EMS standardization following the international standards ISO 1400X, as well as our knowledge gained during the development of the Slovak Technical Standard (STN) for ISO 14051, this paper presents an innovative model of environmental management accounting. This model is based on the cost accounting of material and energy flows within organizations. It serves as an enhancement framework for organizations with an existing EMS built according to the EN ISO 14001 model, as well as for organizations lacking a formalized EMS based on this standard. Within this paper, we specify, decompose, and apply the new model, focusing on the cost accounting of material-energy flows in a hypothetical organization. We meticulously examine the ten key steps of the model's structure, particularly in terms of costing and the allocation of costs to material, energy, system, and waste management.
Environmental and Earth Sciences, Environmental Science
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
