112
| POLITICS, ETHICS AND SOCIAL RESPONSIBILITY OF BUSINESS
EMA is used by companies to make internal business strategy decisions. It can be def ned as:
… the identif cation, collection, analysis, and use of two types of information for internal
decision making: 1) Physical information on the use, f ows and fates of energy, water and
materials (including wastes) and 2) Monetary information on environmentally related costs,
earnings and savings.
16.13 ENVIRONMENTAL FINANCIAL ACCOUNTING
Environmental f nancial accounting is used to provide information needed by external stakeholders about
a company’s f nancial status. This type of accounting allows companies to prepare f nancial reports for
investors, lenders and other interested ...