The Role of Environmental Cost Accounting in Environmental Sustainability in Nigeria
[1]
Ijeoma Ngozi Blessing, Department of Accountancy, Nnamdi Azikiwe University, Awka, Nigeria.
This study aims to determine the role of environmental cost accounting towards environmental sustainability in Nigeria. The source of data for this study is primary source of data collection with the aid of questionnaire. The research instrument was randomly administered to 200 respondents from organizations in Nigeria: Agricultural/Agro-Allied, Breweries, Chemical and Paints, Health Care/Pharmaceutical and Oil Marketing companies. The findings of the study revealed that majority of the respondents agreed that business organizations in Nigeria have not being aware of environmental policies. It was also found that that there exists no significant difference on business organizations in Nigeria not being aware of environmental policies. The result revealed that majority of the respondents believe that environmental sustainability practice is an important concept for organizations to imbibe in Nigeria. The findings further revealed that majority of the respondents agreed that business organizations in Nigeria have not adopted the use of environmental cost accounting techniques cost management. It was revealed that there exists no significant difference on the adoption of environmental cost accounting techniques cost management by business organizations in Nigeria which implies strong evidence that business organizations in Nigeria have not adopted the use of environmental cost accounting techniques cost management. Also, result revealed that majority of the respondents agree that environmental cost accounting will help in managing negative effect of companies waste discharge in its environment. It was found that majority of the respondents agreed that environmental cost accounting influences Nigeria's environmental sustainability. The result of the analysis further revealed that there exists significant difference on environmental cost accounting influencing Nigeria's environmental sustainability which implies strong evidence that environmental cost accounting influences Nigeria's environmental sustainability.
Accounting, Business, Management, Organization, Policies, Sustainability
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