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Article

Assessment of the Profitability of Environmental Activities in Forestry

1
Department of Accounting and Audit, Zhytomyr Polytechnic State University, 10004 Zhytomyr, Ukraine
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Department of Accounting, Analysis and Audit, Yuriy Fedkovych Chernivtsi National University, 58012 Chernivtsi, Ukraine
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Department of Digital Economics and International Economic Relations, Zhytomyr Polytechnic State University, 10004 Zhytomyr, Ukraine
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Department of Accounting and Taxation, Interregional Academy of Personnel Management, 03039 Kyiv, Ukraine
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Division of Farm and Enterprise Economics, Lithuanian Institute of Agrarian Economics, 03220 Vilnius, Lithuania
*
Author to whom correspondence should be addressed.
Sustainability 2020, 12(7), 2998; https://doi.org/10.3390/su12072998
Received: 14 February 2020 / Revised: 26 March 2020 / Accepted: 4 April 2020 / Published: 8 April 2020
The paper presents a framework for the financial analysis of the environmental measures (programmes) for forestry enterprises. The indicators of the economic and social effectiveness of environmental measures are discussed. The prospects for their implementation in the context of sustainable forest management in Ukraine are analysed. The research focuses on the effectiveness of environmental measures at the level of forestry enterprise. The proposed framework allows for determining the economic and social effectiveness of environmental measures at the enterprise level. To this end, the net discounted income is used to measure the profitability of environmental measures. The payback period is determined to provide an intuition behind the decision to participate in the environmental measures. The proposed framework allows for improving decision support for the national sustainable forestry development programmes not only at the macro level, but also at the level of enterprises. View Full-Text
Keywords: environmental activities; management decisions; mathematical model; environmental performance assessment; net discounted income; forestry environmental activities; management decisions; mathematical model; environmental performance assessment; net discounted income; forestry
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MDPI and ACS Style

Zamula, I.; Tanasiieva, M.; Travin, V.; Nitsenko, V.; Balezentis, T.; Streimikiene, D. Assessment of the Profitability of Environmental Activities in Forestry. Sustainability 2020, 12, 2998. https://doi.org/10.3390/su12072998

AMA Style

Zamula I, Tanasiieva M, Travin V, Nitsenko V, Balezentis T, Streimikiene D. Assessment of the Profitability of Environmental Activities in Forestry. Sustainability. 2020; 12(7):2998. https://doi.org/10.3390/su12072998

Chicago/Turabian Style

Zamula, Iryna, Maryna Tanasiieva, Vitalii Travin, Vitalii Nitsenko, Tomas Balezentis, and Dalia Streimikiene. 2020. "Assessment of the Profitability of Environmental Activities in Forestry" Sustainability 12, no. 7: 2998. https://doi.org/10.3390/su12072998

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