Environmental Accounting and Reporting: Study Based on Selected Pharmacutical Industry in Goa

In the past decade, there has been a huge demand on financial and economic data about environment and natural resources. However there was an inconsistency that civilizing environmental performance is often advocated as remedying defects in a company's assessment of their own self-interest. Environmental Accounting plays a significant role in providing the needed data on surroundings to different users at all levels for various reasons. There is a rising interest in India about subjects such as environmental development, corporate social responsibility, and corporate ecological performance. They are an after-effect of the worldwide calls about the accountability of corporations in the direction of natural environment. Therefore, Greek corporations have initiated to implementing practices for better ecological performance and reporting them to the public. The current research intended to examine Goa's Pharmaceutical companies’ disclosures about their performance towards the safety of natural environment. In current years, environmental pollution becomes so acute and the stakeholders ’awareness to the issue becomes so serious that environmental accounting has become a solid branch of accounting. Still, concentration towards the style and acknowledgment of environmental accounting is not a generalized one. In this paper, the theoretical foundation of environmental accounting and reporting is discussed with special reference to pharmaceuticals industry. After the proper research the researcher has felt that the scenario of Environmental accounting practices has not been transformed. It is at midge of revaluation were only reputed companies making disclosure. That to extend of just to make shareholder, customer, investor, financial intuition, to convey that they are also responsible toward society and environment.