SUSTAINABLE COST ACCOUNTING: MEASURING ENVIRONMENTAL COSTS
Sr No:
Page No:
39-50
Language:
English
Authors:
Stephen Yaw Ntiamoah*, Dr Prince Benjamin Nartey Menzo, Dr Vida Korang, Dr Nestor Nasage Naabulee
Received:
2025-03-08
Accepted:
2025-03-22
Published Date:
2025-03-26
Abstract:
This present study develops and applies an integration of environmental
costs within the financial reporting perspective through the lens of sustainability cost
accounting on issues of measurement and reporting of broad corporate sustainability,
drawing widely from sources such as peer-reviewed academic journals, industry
reports, and policy documents from authoritative bodies that have applied a
systematic search strategy with selective inclusion criteria; this considers literature
spanning 2013 to 2023. Key issues emerging from this qualitative content analysis are
environmental cost measurement, corporate-level reporting on sustainability, and
integrating environmental costs into financial decision-making. The results provide a
rationale for the importance of sustainable cost accounting in ensuring corporate
transparency, regulatory compliance, risk management, and operational efficiency.
The key issues this paper identified were poorly developed structures for the
measurement of environmental costs, besides problems with data capture and high
costs of implementation.Despite these, this study demonstrates how businesses can
competitively benefit by incorporating environmental costs into their decision-making
strategies in order to enhance the levels of sustainability and investment potential at
low environmental and financial vulnerabilities. It concludes, in particular, that
sustainable cost accounting will be furthered in the future by better regulatory
regimes combined with a deeper corporate will for ecological stewardship toward
long-term financial security and a more sustainable world economy.
Keywords:
Sustainable Cost Accounting, Environmental Cost Measurement, Finacial Reporting, Sustainability.