Ecological Accounting Term Paper by Nicky

A discussion on environmental impact assessment statements and their function in the corporate world.
# 150197 | 2,257 words | 4 sources | APA | 2012 | US
Published on Jan 29, 2012 in Business (Accounting) , Environmental Studies (General)

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The paper explains that environmental impact assessment statements are a means by which an organization can express the data that it has gathered with respect to the environmental impacts of its operations. The paper discusses the value of these statements and explains the notion of natural capital eco-asset sheets and how an eco-asset sheet can be reconciled with a financial statement. The paper looks at Royal Dutch Shell to show how even a firm in the business of resource extraction makes use of ecological accounting to outline to its stakeholders the ecological impact of its operations.

Case Study
Objects and the Value of the EIA Statement
Natural Capital
Eco-Asset Sheets & Reconciliation with Financial Accounting Data
Pressures on Managers

From the Paper:

"Ecological accounting is typically internally-focused, so the particular object used in a given organization directly pertains to the needs of the managers of that organization. Ideally, these objects should correspond to cost objects, as the ultimate objective of ecological accounting is to incorporate material and energy flow information into the assessment of the performance of the object. Thus, if a company has a structure with divisions as cost centers, these should also be the objects used in its ecological accounting program. Likewise, a firm where products are the cost center should use products as the ecological accounting object (Schaltegger & Burritt, 2000).
"The accounting should not differ greatly depending on the object chosen. The techniques for data gathering, compiling and categorizing should remain consistent whether the object is a department, a product or a factory. The information is, however, something that should be available to all managers. Ecological accounting should be part of an organization-wide effort to improve eco-efficiency. Just as financial accounting data is aggregated and distributed to a wide range of stakeholders, so too should internal ecological data. That specific managers need more detailed data that pertains to their particular object does not discount the value of having data available to other managers through the organization."

Sample of Sources Used:

  • Schaltegger, Stefan & Burritt, Roger. (2000). Contemporary Environmental Accounting: Issues, Concepts and Practices. Greenleaf Publishing. Retrieved August 18, 2009 from
  • Glasson, John; Therivel, Riki & Chadwick, Andrew. (1999). Introduction to Environmental Impact Assessment. Sage Publishing. Retrieved August 18, 2009 from
  • Hawkin, Paul; Lovins, Amory & Lovins, L. Hunter. (1999). Natural Capitalism: The Next Industrial Revolution. Earthscan. Retrieved August 18, 2009 from
  • Royal Dutch Shell Sustainability Report 2008. Retrieved August 18, 2009 from

Cite this Term Paper:

APA Format

Ecological Accounting (2012, January 29) Retrieved August 10, 2022, from

MLA Format

"Ecological Accounting" 29 January 2012. Web. 10 August. 2022. <>