Journal of Commerce and Accounting Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Environmental Reporting-An Evaluation of the Sustainability Performance of BHEL


Affiliations
1 Assistant Professor, Department of Commerce, Tripura University, Tripura
2 Research Scholar, Tripura University, Tripura, India
     

   Subscribe/Renew Journal


In the absence of mandatory reporting requirements in India, few corporate bodies make environmental disclosure purely on voluntary basis in the form of sustainability reporting. Thus, the purpose of the present paper is to assess whether Bharat Heavy Electricals Limited furnishes environmental information in accordance with the Global Reporting Initiative (GRI) guidelines and also to measure the performance of the company on the basis of the selected environmental performance indicators. The data for the present study has been collected from the Sustainability Report of the company and covers a time span of five years starting from 2012-13. The key findings of the study indicate that the company provides adequate information on selected environmental performance indicators in accordance to the GRI guidelines and also reported that the company has been able to reduce the consumption of resources like coal and diesel on year-to-year basis. It is recommended that the company should make disclosure on materials and natural resources used by manufacturing units in terms of volume and weight.

Keywords

Environmental Reporting, Global Reporting Initiative, Environmental Performance Indicators.
Subscription Login to verify subscription
User
Notifications
Font Size


  • Ahmad, A. (2012). Environmental accounting and reporting practices: Significance and issues: A case from Bangladeshi companies. Global Journal of Management and Business Research, 12(14), 119-127.

  • Alomari, M., & Ibraheem, A. (2019). Environmental performance measurement review of indicators and obstacles. International Journal of Financial Management, 9(3), 1-8.

  • Anuradha, T. (2014). Environmental accounting: A case study of cement sector in India. ANNQUEST, 3(1), 61-82.

  • Basak, R. (2016). Corporate social responsibility practice in India after introduction of companies Act, 2013. Journal of Commerce and Accounting Research, 5(2), 33-44.

  • Bharat Heavy Electricals Limited. (2012-13). Sustainability Report.

  • Bharat Heavy Electricals Limited. (2013-14). Sustainability Report.

  • Bharat Heavy Electricals Limited. (2014-15). Sustainability Report.

  • Bharat Heavy Electricals Limited. (2015-16). Sustainability Report.

  • Bharat Heavy Electricals Limited. (2016-17). Sustainability Report.

  • Bhattacharyya, A. (2014). Factors associated with the social and environmental reporting of Australian companies. Australasian Accounting Business and Finance Journal, 8(1), 26-50.

  • Chindavijak, C., Phusawat, K., & Kess, P. (2015). Assessing the status of sustainability report of petrochemical and energy sectors in Thailand. Joint International Conference, 1961-1970.

  • Deegan, C., & Rankin, M. (1997). The materiality of environmental information to users of accrual reports. Accounting, Auditing and Accountability Journal, 10(4), 562-583.

  • Global Reporting Initiative, Indian Institute of Management Bengalore, TATA Consultancy Service. (2016). Sustainability Integration: Corporate Reporting Practices in India.

  • GRI. (2011). Retrieved from https://www.globalreporting.org/information/about-gri/Pages/default.aspx GRI. (2013). Global Conference on Sustainability and Reporting. Amsterdam.

  • Gupta, G. (2013). Environmental accounting and reporting in Balrampur Chini Mills Limited Gonda (U.P.), India. International Monthly Refereed Journal of Research in Managemement and Technology, 2, 78-84.

  • Guthrie, J., & Parker, L. (1990). Corporate social disclosure practice: A comparative international analysis. Advances in Public Interest Accounting, 3, 159-175.

  • Kumar, K., & Devi, V. (n.d.). Sustainability reporting practices in India: Challenges and prospects. Twelfth AIMS International Conference on Management (pp. 1712-1717).

  • Latifian, B., Jasemi, A., & Bandari, M. (2014). Environmental accounting and sustainability reporting. International Research Journal of Applied and Basic Sciences, 8(3), 325-328.

  • Malik, P., & Mittal, A. (2015). A study of green accounting practices in India. International Journal of Commerce, Business and Management, 4(6), 779-787.

  • Minimol, M., & Makesh, K. (2014). Green accounting and reporting practices among Indian corporates. Asia Pacific Journal of Research, 1(14), 21-35.

  • Mishra, K. K. (2015). Environmental accounting and reporting: An evaluation of ONGC. International Journal in Management and Social Science, 3(4), 14-22.

  • Mittal, S. K. (2019). Impact of corporate governance disclosure policy on firm performance on sensex listed 30 companies. Journal of Commerce and Accounting Research, 8(2), 20-28.

  • Nations, U. (1972, June). Report of the United Nations Conference on the Human Development. Stockholm: United Nations Publication.

  • Poongavanam, S., & Babu, S. (2012). A study on measuring the financial health of BHEL, Ranipet using Z score model. Journal of Commerce and Accounting Research, 1(4), 61-64.

  • Punjabi, S. (2013). Carbon footprints, industrialisation and environment. Episteme: An Online Interdisciplinary, Multidisciplinary and Multi-Cultural Journal, 2(2).

  • Wiseman, J. (1982). An evaluation of environmental disclosures made in corporate annual reports. Accounting, Organisations and Society, 7(1), 53-63.

  • Yakhou, M., & Dorweila, V. (2004). Environmental accounting: An essential component of business strategy. Business Strategy and the Environment, 13, 65-77.


Abstract Views: 472

PDF Views: 1




  • Environmental Reporting-An Evaluation of the Sustainability Performance of BHEL

Abstract Views: 472  |  PDF Views: 1

Authors

Joy Das
Assistant Professor, Department of Commerce, Tripura University, Tripura
Animesh Bhattacharjee
Research Scholar, Tripura University, Tripura, India

Abstract


In the absence of mandatory reporting requirements in India, few corporate bodies make environmental disclosure purely on voluntary basis in the form of sustainability reporting. Thus, the purpose of the present paper is to assess whether Bharat Heavy Electricals Limited furnishes environmental information in accordance with the Global Reporting Initiative (GRI) guidelines and also to measure the performance of the company on the basis of the selected environmental performance indicators. The data for the present study has been collected from the Sustainability Report of the company and covers a time span of five years starting from 2012-13. The key findings of the study indicate that the company provides adequate information on selected environmental performance indicators in accordance to the GRI guidelines and also reported that the company has been able to reduce the consumption of resources like coal and diesel on year-to-year basis. It is recommended that the company should make disclosure on materials and natural resources used by manufacturing units in terms of volume and weight.

Keywords


Environmental Reporting, Global Reporting Initiative, Environmental Performance Indicators.

References