Skip to main content

Green Accounting with Special Reference to Montenegro

  • 993 Accesses

Part of the Lecture Notes in Networks and Systems book series (LNNS,volume 472)


The problem of environmental protection has been in focus for many decades and different professions, including accounting, are taking part in solving it. In this regard, the emergence of the concept of green accounting arose as a necessary consequence to integrate within the existing business policy of the company environmental dimension that will allow continuity in achieving business efficiency while respecting the principles of sustainability of the system as a whole. The available literature as well as many studies conducted lead to the conclusion that the green accounting concept is still in its infancy, especially in developing countries. This is confirmed by a pilot survey conducted in Montenegro in 2021. Therefore, the aim of this paper is to point out this very important issue, especially among academics and researches in order to contribute to sustainable development at global and national level, and additionally improve the quality of negotiations regarding chapter 27 and Montenegro's integration into the European Union.


  • Green accounting
  • GHG concept
  • Pilot survey
  • Montenegro

This is a preview of subscription content, access via your institution.

Buying options

USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
USD   219.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   279.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions


  1. Ilić, B.: Zelene računovodstvene informacije, zeleno računovodstvo i zelena revizija, Naučni skup “Finansijsko izvještavanje u funkciji poslovnog odlučivanja i upravljanja”(2017).

  2. Jeroh, E., Okoro, G.E.: Effect of environmental and dismantling costs on firm performance among selected oil and gas companies in Nigeria. Sahel Anal. J. Manage. Sci. 14(5), 14–26 (2016)

    Google Scholar 

  3. Lee, J.W.G., Pati, N., Roh, J.J.: Relationship between corporate sustainability performance and tangible business performance: evidence from oil and gas industry. IJBIT 3(3), 72 (2011)

    Google Scholar 

  4. Cortez, M.A.A., Cudia, C.P.: Sustainability and firm performance: a case study of Japanese electronics companies. Inst. Int. Relat. Area Stud. Ritsumeikan Univ. 10(1), 322–339 (2011)

    Google Scholar 

  5. Lalevic, A., Demirovic, S.: Management accounting for sustainable development as a new dimension in accounting development of companies. In: International Scientific Conference: “Challenges of Economy in Environment Under Crisis”, Tuzla (2015). ISSN 2490–2616

    Google Scholar 

  6. An introduction to Environmental Accounting as a Business Management Tool: Key Concepts and Terms, United States Environmental protection Agency (1995)

    Google Scholar 

  7. Belopavlovic, G., Stevanovic, S.: Računovodstveni aspekti zaštite životne sredine. In: Ekonomski aspekti ekološke politike. Institut ekonomskih nauka; Beogradska bankarska akademija, Beograd, pp. 359–375 (2012). ISBN 978-86-80315-98-0

    Google Scholar 

  8. Yakou, M., Dorweiler, V.: Environmental accounting: an essential component of business strategy. Bus. Strateg. Environ. 13(2), 65–77 (2004).

    CrossRef  Google Scholar 

  9. Jovanovic, D., Janjić, V.: Motivi, koristi i računovodstvena podrška implementaciji ISO 14001 standarda. Ekonomski horizonti, vol. 20, Sveska 1, pp. 27–43 (2018)

    Google Scholar 

  10. Milanović, T., Petković, Z., Stojmenović, G.: The importance and the role of introduction of ecological accounting in the function of management of environmental protection. Knowl. Int. J. 28(1), 171–175 (2018).

  11. Pulselli, F.M., Marchi, M.: Global Warming Potential and the Net Carbon Balance, Reference Module in Earth Systems and Environmental Sciences, Elsevier (2015).

  12. Global GHG Accounting and Reporting Standard for the Financial Industry, PCAF.

  13. Henson, C., Ranganathan, J.: Corporate greenhouse gas emissions inventories: accounting for the climate benefits of green power. Corporate Guide to Green Power Markets (2003).



  16. Nartey, S.N., van der Poll, H.M.: Innovative management accounting practices for sustainability of manufacturing small and medium enterprises. Environ. Dev. Sustain. 23(12), 18008–18039 (2021).

    CrossRef  Google Scholar 

Download references

Author information

Authors and Affiliations


Corresponding author

Correspondence to Milijana Novovic Buric .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and Permissions

Copyright information

© 2022 The Author(s), under exclusive license to Springer Nature Switzerland AG

About this paper

Check for updates. Verify currency and authenticity via CrossMark

Cite this paper

Novovic Buric, M., Lalevic Filipovic, A., Jaksic Stojanovic, A. (2022). Green Accounting with Special Reference to Montenegro. In: Karabegović, I., Kovačević, A., Mandžuka, S. (eds) New Technologies, Development and Application V. NT 2022. Lecture Notes in Networks and Systems, vol 472. Springer, Cham.

Download citation