ADVANTAGES OF USING ENVIRONMENTAL ACCOUNTING AND ENVIRONMENTAL MANAGEMENT IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT

The connection between business activity, in general, and the degradation of natural environment, as well as the repercussions of environmental degradation on population welfare have a complex nature, leading to difficulties regarding analysis and measurement. The analysis of the immediate impact of business activity on the natural environment cannot always reveal all the costs and risks which are related to the environmental degradation. Also, a special attention must be given to the repercussive effects of natural environment degradation status on the conditions in which business activities are developed and their performance. Hence, the importance of using an environmental accounting and an environmental management which could contribute to the diminishing of these disadvantages.