IDEAS home Printed from https://ideas.repec.org/a/spr/endesu/v25y2023i9d10.1007_s10668-022-02445-w.html
   My bibliography  Save this article

A framework for a green accounting system-exploratory study in a developing country context, Colombia

Author

Listed:
  • Candy Chamorro Gonzalez

    (Universidad Católica Luis Amigó)

  • Jesús Peña-Vinces

    (Universidad de Sevilla)

Abstract

Current accounting systems assume a purely financial approach, without including environmental information, such as environmental costs and companies’ expenses. On the one hand, this study proposes a framework that considers the environmental impact of firms within their accounting system, the Green Accounting System (GAS). On the other hand, and in the context of developing countries, Colombia carried out an exploratory study. With a sample of 150 Colombian industrial and commercial companies, this research revealed that 100% of them had not yet implemented environmental practices within the accounting system. Therefore, this research would be useful not only for academia, but also for practitioners and governments. As GAS would contribute to traceability in the quantification of environmental accounting, it would simultaneously generate a movement toward cleaner production that would increase environmental quality.

Suggested Citation

  • Candy Chamorro Gonzalez & Jesús Peña-Vinces, 2023. "A framework for a green accounting system-exploratory study in a developing country context, Colombia," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(9), pages 9517-9541, September.
    • Handle: RePEc:spr:endesu:v:25:y:2023:i:9:d:10.1007_s10668-022-02445-w
    DOI: 10.1007/s10668-022-02445-w
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10668-022-02445-w
    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/s10668-022-02445-w?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. El Serafy, Salah, 1997. "Green accounting and economic policy," Ecological Economics, Elsevier, vol. 21(3), pages 217-229, June.
    2. Tony Greenham, 2010. "Green accounting: a conceptual framework," International Journal of Green Economics, Inderscience Enterprises Ltd, vol. 4(4), pages 333-345.
    3. Jesús Peña-Vinces & David Audretsch, 2021. "Tertiary education and science as drivers of high-technology exporting firms growth in developing countries," The Journal of Technology Transfer, Springer, vol. 46(6), pages 1734-1757, December.
    4. repec:eme:aaaj00:09513579110003277 is not listed on IDEAS
    5. Vassallo, P. & Paoli, C. & Buonocore, E. & Franzese, P.P. & Russo, G.F. & Povero, P., 2017. "Assessing the value of natural capital in marine protected areas: A biophysical and trophodynamic environmental accounting model," Ecological Modelling, Elsevier, vol. 355(C), pages 12-17.
    6. repec:eme:aaaj00:09513579710166703 is not listed on IDEAS
    7. Natalie Slawinski & Pratima Bansal, 2015. "Short on Time: Intertemporal Tensions in Business Sustainability," Organization Science, INFORMS, vol. 26(2), pages 531-549, April.
    8. Chris Mason & John Simmons, 2014. "Embedding Corporate Social Responsibility in Corporate Governance: A Stakeholder Systems Approach," Journal of Business Ethics, Springer, vol. 119(1), pages 77-86, January.
    9. Sonja Gallhofer & Jim Haslam, 1997. "The direction of green accounting policy: critical reflections," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 10(2), pages 148-174, May.
    10. Thomas Aronsson & Per-Olav Johansson, 1997. "Welfare Measurement, Sustainability and Green National Accounting," Books, Edward Elgar Publishing, number 1240, March.
    11. Paul Opdam & Eveliene Steingröver, 2018. "How Could Companies Engage in Sustainable Landscape Management? An Exploratory Perspective," Sustainability, MDPI, vol. 10(1), pages 1-15, January.
    12. Csaba FOGARASSY & Éva NEUBAUER & Hasan MANSUR & Anita TANGL & Judit OLÁH & József POPP, 2018. "The Main Transition Management Issues And The Effects Of Environmental Accounting On Financial Performance– With Focus On Cement Industry," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2018(31), pages 52-66, December.
    13. 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.
    14. Faizul Haque & Collins G Ntim, 2018. "Environmental Policy, Sustainable Development, Governance Mechanisms and Environmental Performance," Business Strategy and the Environment, Wiley Blackwell, vol. 27(3), pages 415-435, March.
    15. Harry Kitchen & Melville McMillan & Anwar Shah, 2019. "Local Income, Sales, and Environmental Taxes," Springer Books, in: Local Public Finance and Economics, chapter 0, pages 331-361, Springer.
    16. Konstantinos Evangelinos & Ioannis Nikolaou & Walter Leal Filho, 2015. "The Effects of Climate Change Policy on the Business Community: A Corporate Environmental Accounting Perspective," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 22(5), pages 257-270, September.
    17. Keith T. Maunders & Roger L. Burritt, 1991. "Accounting and Ecological Crisis," Accounting, Auditing & Accountability Journal, Emerald Group Publishing Limited, vol. 4(3), pages 1-1, September.
    18. Gholamreza Zandi & Hoyoung Lee, 2019. "Factors Affecting Environmental Management Accounting and Environmental Performance: An Empirical Assessment," International Journal of Energy Economics and Policy, Econjournals, vol. 9(6), pages 342-348.
    19. Sorinel Capusneanu, 2008. "Implementation Opportunities of Green Accounting for Activity-Based Costing (ABC) in Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 1(1(518)), pages 57-62, January.
    20. W. Eric Lee & Rachel N. Birkey & Dennis M. Patten, 2017. "Exposing Students to Environmental Sustainability in Accounting: An Analysis of Its Impacts in a US Setting," Social and Environmental Accountability Journal, Taylor & Francis Journals, vol. 37(2), pages 81-96, May.
    21. Andreas Möller & Stefan Schaltegger, 2005. "The Sustainability Balanced Scorecard as a Framework for Eco‐efficiency Analysis," Journal of Industrial Ecology, Yale University, vol. 9(4), pages 73-83, October.
    22. Robert D. Cairns, 2009. "Green Accounting for Black Gold," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4), pages 113-140.
    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. Pham Quang Huy & Vu Kien Phuc, 2025. "Changing times: does the critical success factors boosting green transition of SMEs remain unchanged?," Journal of Innovation and Entrepreneurship, Springer, vol. 14(1), pages 1-32, December.

    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. Harris, Michael & Fraser, Iain, 2002. "Natural resource accounting in theory and practice: A critical assessment," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(2), pages 1-54.
    2. Dewan Muktadir‐Al‐Mukit & Firoz Haroon Bhaiyat, 2024. "Impact of corporate governance diversity on carbon emission under environmental policy via the mandatory nonfinancial reporting regulation," Business Strategy and the Environment, Wiley Blackwell, vol. 33(2), pages 1397-1417, February.
    3. Agustine Dwianika & Edi Purwanto & Yohanes Totok Suyoto & Endang Pitaloka, 2024. "Bibliometrics Analysis of Green Accounting Research," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 349-358, January.
    4. Julián Andres Díaz Tautiva & Joana Huaman & Roberto D. Ponce Oliva, 2024. "Trends in research on climate change and organizations: a bibliometric analysis (1999–2021)," Management Review Quarterly, Springer, vol. 74(1), pages 227-261, February.
    5. 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.
    6. Fereshteh Mahmoudian & Johnny Jermias, 2022. "The influence of governance structure on the relationship between pay ratio and environmental and social performance," Business Strategy and the Environment, Wiley Blackwell, vol. 31(7), pages 2992-3013, November.
    7. Jesper Stage, 2002. "Structural Shifts In Namibian Energy Use: An Input‐Output Approach," South African Journal of Economics, Economic Society of South Africa, vol. 70(6), pages 1103-1125, September.
    8. Ali Zackery & Joseph Amankwah-Amoah & Zahra Heidari Darani & Shiva Ghasemi, 2022. "COVID-19 Research in Business and Management: A Review and Future Research Agenda," Sustainability, MDPI, vol. 14(16), pages 1-32, August.
    9. Simone Carmine & Valentina De Marchi, 2023. "Reviewing Paradox Theory in Corporate Sustainability Toward a Systems Perspective," Journal of Business Ethics, Springer, vol. 184(1), pages 139-158, April.
    10. Ishmael Tingbani & Lyton Chithambo & Venancio Tauringana & Nikolaos Papanikolaou, 2020. "Board gender diversity, environmental committee and greenhouse gas voluntary disclosures," Business Strategy and the Environment, Wiley Blackwell, vol. 29(6), pages 2194-2210, September.
    11. Chakraborty, Atreya & Gao, Lucia Silva & Sheikh, Shahbaz, 2019. "Managerial risk taking incentives, corporate social responsibility and firm risk," Journal of Economics and Business, Elsevier, vol. 101(C), pages 58-72.
    12. Muñoz, Pablo & Cohen, Boyd, 2017. "Towards a social-ecological understanding of sustainable venturing," Journal of Business Venturing Insights, Elsevier, vol. 7(C), pages 1-8.
    13. Kirsten Burkhardt & Pascal Nguyen & Evelyne Poincelot, 2020. "Agents of change: Women in top management and corporate environmental performance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 27(4), pages 1591-1604, July.
    14. Soana, Maria Gaia, 2024. "Environmental strategies, environmental performance and board sustainability committees: Are financial and non-financial companies different?," Research in International Business and Finance, Elsevier, vol. 69(C).
    15. Galbreath, Jeremy, 2017. "Drivers Of Environmental Sustainability In Wine Firms: The Role And Effect Of Women In Leadership," Working Papers 253851, American Association of Wine Economists.
    16. Vincenzo Basile & Francesca Loia & Nunzia Capobianco & Roberto Vona, 2023. "An ecosystems perspective on the reconversion of offshore platforms: Towards a multi‐level governance," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 30(4), pages 1615-1631, July.
    17. Bai Xue & Zhuang Zhang & Pingli Li, 2020. "Corporate environmental performance, environmental management and firm risk," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1074-1096, March.
    18. 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.
    19. Shakil, Mohammad Hassan, 2021. "Environmental, social and governance performance and financial risk: Moderating role of ESG controversies and board gender diversity," Resources Policy, Elsevier, vol. 72(C).
    20. Habiba Al‐Shaer & Yang Stephanie Liu & Khaldoon Albitar, 2024. "Driving businesses towards a better climate: Macro and micro mechanisms to protect the planet," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 1810-1833, March.

    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:25:y:2023:i:9:d:10.1007_s10668-022-02445-w. 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.