Proceedings of the 36th International Academic Conference, London

MANAGEMENT ACCOUNTANTS’ ROLE IN MOVING TOWARDS SUSTAINABILITY REPORTING SYSTEM OF THAI-LISTED COMPANIES

PHANTHIPA SRINAMMUANG, NEUNGRUTHAI PETCHARAT, NEUNGRUTHAI PETCHARAT

Abstract:

This study examines (1) management accountants’ roles in driving sustainable success to create a corporate sustainability, (2) environmental information in annual reports based on the indicators of the Global Reporting Initiatives (GRI), and (3) environmental information in the reports and the information identified by the environmental management accounting (EMA) practices. Management accountants drive as a collaborator with a company to provide environmental information incorporating in the reports for investment decisions. A set of survey is created to conduct environmental performance indicators in annual reports of 2011 and 2012 of two-hundred listed companies in Thailand. Regression analysis is considered appropriate for this study to analyse the relationship among variables. The results reveal that environmental information incorporated in annual reports is positively relevant to the indicators of the GRI guidelines. Environmental information in the reports is also significantly related to the data identified based on the EMA practices. Although management accountants are not fully involved in capturing data, they are intending to play an important role in creating sustainable value towards a corporate sustainability. Thus, management accountant’s roles in driving as a collaborator with a company are related to creating a corporate sustainability from promoting environmental sustainability significantly.

Keywords: Management accountants’ role, corporate sustainability, Environmental Management Accounting (EMA) practices, Environment Performance Indicators, Thailand

DOI: 10.20472/IAC.2018.036.046

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