Green Costs In Context Of Sustainable Development Trends

The paper aims an analysis of the role of the information provided by the accounting of environmental resources in the context of sustainable development. The impact of economic organizations on the natural environment and society tends to become increasingly important to managers, generating a number of risks which a company must face, the necessary information in substantiation of managerial decisions which must be included in the financial reporting. In the present circumstances consumers show a higher interest in products and services which take into account the environmental protection. Thus, economic organizations are determined to report information about such characteristics of their products and services. It is estimated that green accounting must take into account the consequences of company activities on the natural environment accounting, as well as management actions taken by the company to avoid such incidents. Green accounting involves the aggregation of information in order to assess the costs and risks of natural disasters. Thus, criteria which allow to establish costs belonging to the natural environment must be found. Anti-pollution investments involve the restructuring of the entire production process, in order to avoid antipoluate emissions during the production process. Accounting takes into account resource consumption which has a price. Consumption of natural resources is considered to be free and is not included in the production cost. The policy pursued by some enterprises to reduce consumption of natural resources considered free is noticed. The existence of a conceptual framework for accounting for the environmental accounting becomes necessary in the current economic context. Thus, the accountants will have support for developing an environmental accounting. The UN has developed a conceptual framework and methods of assessing and accounting consequences of the activities of companies upon the natural environment. The indicators refer to the quantity of water consumed, its use, the quantity and nature of the energy consumption, emissions of greenhouse gases, the ozone layer, the nature and quantity of waste products, the nature of the treatments used to reduce or suppress them. The indicators recommended by the United Nations to be presented in the financial statements should allow offering information on the enterprise performance toward the natural environment, facilitating the calculation of forecast financial performance and decision-making regarding the protection of the natural environment.