11 Pages Posted: 30 Jul 2009
Date Written: July 29, 2008
The stress on environmental issues has caused an increasing trend among companies to bring out their environmental contribution as green reports. The authors show that such reporting is still in infancy and has not developed yet in full and rigorous form as the annual company reports. Though green reporting is a voluntary disclosure, many companies are producing such reports but the reports are ambiguous in many cases because of lack of standards and legality, reducing their usefulness. The authors compare the US companies with those in other countries with regard to green reporting. The authors give pointers to further research in the area that could lead to establishment of green accounting standards similar to Financial Accounting Standards. Once the usefulness of the green reports is made clear to the law makers, laws would be enacted to cover green reporting similar to Sarbanes Oxley Act of 2002 covering the financial and accounting disclosures.
Keywords: environment, green reporting, standards, GRI
JEL Classification: G38
Suggested Citation: Suggested Citation
By Dina Wahyuni
By Geir Asheim