Analysis of Environmental Accounting as a Sustainable Development Tool in Colombia Análisis de la Contabilidad Ambiental como Herramienta de Desarrollo Sostenible en Colombia

Abstract

The growing environmental crisis of recent decades has increasingly led organizations to implement strategies and mechanisms that lead to sustainability, especially in the production process. Accordingly, this article aims to analyze the environmental accounting as a tool for sustainable development in Colombia, for this purpose a deep literary review was carried out according to the concept, practice and importance it has for companies, their managers and the country to carry out said activity. Environmental accounting allows quantifying, recording and reporting the environmental impacts caused by economic activities, it is of the utmost importance since it facilitates entities in decision-making, in the efficient use of natural resources and in the generation of strategies aimed at reducing these impacts. Therefore, it is considered necessary to evaluate through environmental accounting the environmental management that is being carried out within the companies to achieve sustainable development. Colombia has been a promoter in terms of environmental accounting processes; The country has been establishing different environmental policies and regulations for the different business sectors, however, it is necessary for government institutions to continue implementing and executing many more mechanisms, as well as it is essential that they control and monitor them.