The Ecomac Framework

Abstract

The Ecomac project reflects a growing interest in the relationship between environmental management and management accounting. This interest is being driven in large part by:

• the desire of managers and others to gain a better understanding of the financial costs and benefits of environmental actions

• the belief of academic researchers and policy-makers that the topic is central to the further development of environmental management

• the trend in environmental policy towards incentive-based forms of regulation which require organisations to develop a greater sensitivity towards environment-related cost and benefit signals

• the demands of both external stakeholders and internal managers for reliable data, so that an organisation’s environmental performance can be evaluated.