Sustainable Development through Environmental Management Accounting

Abstract

This qualitative research explores the role of Environmental Management Accounting (EMA) in promoting sustainable development within a manufacturing organization in Sri Lanka. As industries worldwide face increasing pressure to adopt environmentally responsible practices, the integration of accounting tools that consider environmental impacts becomes crucial. This study focuses on a Sri Lankan manufacturing organization to understand how EMA contributes to sustainable development and environmental stewardship. The research employs a qualitative approach, utilizing in-depth interviews, document analysis, and observation methods to gather data. The study seeks to identify the key EMA practices implemented by the organization and assess their impact on sustainable development indicators. Additionally, the research aims to uncover challenges faced in the implementation process and propose potential solutions. Preliminary findings suggest that the organization's adoption of EMA has led to improved environmental performance, resource efficiency, and cost savings. Through the integration of environmental costs into decision-making processes, the organization has demonstrated a commitment to sustainable development. However, challenges such as data availability, employee awareness, and regulatory compliance have been identified as potential barriers to the effective implementation of EMA. The research contributes to the existing body of knowledge by offering insights into the practical application of EMA in a Sri Lankan manufacturing context. The findings are expected to inform policymakers, industry practitioners, and researchers on the potential benefits and challenges associated with integrating EMA into organizational practices, thereby promoting sustainable development within the manufacturing sector.