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Sustainability 2017, 9(10), 1717; doi:10.3390/su9101717

Analysis of Environmental Accounting and Reporting Practices of Listed Banking Companies in Bangladesh

1
Department of Sustainability Management, Inha University, Incheon 22212, Korea
2
College of Business Administration, Inha University, Incheon 22212, Korea
The concept of this paper was presented in the title of “Environmental Accounting Concept and Reporting Practice: Evidence from Banking Sector of Bangladesh” at 1st Dhaka International Business and Social Science Research Conference, Dhaka, Bangladesh, 20–21 January 2106 with Hossain, M. S. and Khan, S. This paper, however, is totally different in that it uses 20 banks data and use a scoring system to analyze current status of environmental information disclosure by Bangladeshi banks.
*
Author to whom correspondence should be addressed.
Received: 9 August 2017 / Revised: 8 September 2017 / Accepted: 19 September 2017 / Published: 26 September 2017
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
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Abstract

“Bangladesh faces many ecological challenges, including air and water contamination, land degradation, and waste management”. Bangladesh faces many ecological challenges, including air and water contamination, land degradation, and waste management. This study was designed to investigate the extent and nature of environmental accounting and reporting of listed banks in Bangladesh in 12 major categories. Information was collected from the annual reports of 20 banks listed on the Dhaka Stock Exchange for the period 2010 to 2014. The results indicate that the banks examined significantly disclosed environmental information for the 12 categories. The study found that banks disclosed the most environmental information for green banking and renewable energy categories, whereas they disclosed the least for environmental recognition and waste management categories. Furthermore, yearly comparison reveals that disclosure of environmental information increased sharply from 16% in 2010 to 83% in 2014. In addition, Bangladesh Bank’s recent fruitful initiatives on environmental disclosures were reviewed, and the findings of the 12 categories have managerial implications for policy makers in corporations as well as the government. It is recommended that professional accounting bodies of Bangladesh, along with international and government policy makers develop a separate conceptual framework for environmental accounting and reporting for the financial and non-financial sectors of the country. View Full-Text
Keywords: environmental accounting; annual report; Bangladesh bank; disclosure; climate change; project financing environmental accounting; annual report; Bangladesh bank; disclosure; climate change; project financing
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Masud, M.A.K.; Bae, S.M.; Kim, J.D. Analysis of Environmental Accounting and Reporting Practices of Listed Banking Companies in Bangladesh. Sustainability 2017, 9, 1717.

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