Environment Management and Corporate Disclosures: Text and Case Studies

The purpose of environment management is to help improve practices of environment management where this subject has received scant attention. India’s environmental problems are gaining global significance because of the rapid population growth, the aggressive speed of urbanization and lack of infrastructure. This consequently puts tremendous pressure on the natural resources and therefore, the need to strike a balance between the economic development and the urgency to safeguard the environment. Corporate annual reports are the main vehicle that communicates the operating performance and other relevant information of a company to its various interested parties. It is also the major source that provides information on the effectiveness of the accomplishments of managers in meeting their fiduciary duties and carrying out their stewardship functions. Accordingly, corporate annual reports are expected to provide all necessary information required by their various users. The corporations in the developed economies closely link their performance with the extent, quality and timeliness of environmental disclosure. The increasing trend towards liberalization and globalization demands increased integration and the convergence to global environment reporting and accounting standards. Therefore, it is not only important for the companies to be transparent, accountable and socially responsible but also to ensure adequate returns to the shareholders and satisfy various stakeholders and society at large about their conduct. This book deals with the environmental management strategies and environmental disclosure practices of various corporate enterprises in Malaysia, Singapore and India. This book will of great help to the policy planners in the field of environment management, academicians, corporate professionals and all those concerned with environmental management and corporate environment disclosures by companies.