Abstract:
This qualitative research explores the role of Environmental Management Accounting
(EMA) in promoting sustainable development within a manufacturing organization in Sri
Lanka. As industries worldwide face increasing pressure to adopt environmentally
responsible practices, the integration of accounting tools that consider environmental
impacts becomes crucial. This study focuses on a Sri Lankan manufacturing organization
to understand how EMA contributes to sustainable development and environmental
stewardship. The research employs a qualitative approach, utilizing in-depth interviews,
document analysis, and observation methods to gather data. The study seeks to identify
the key EMA practices implemented by the organization and assess their impact on
sustainable development indicators. Additionally, the research aims to uncover challenges
faced in the implementation process and propose potential solutions. Preliminary findings
suggest that the organization's adoption of EMA has led to improved environmental
performance, resource efficiency, and cost savings. Through the integration of
environmental costs into decision-making processes, the organization has demonstrated a
commitment to sustainable development. However, challenges such as data availability,
employee awareness, and regulatory compliance have been identified as potential barriers
to the effective implementation of EMA. The research contributes to the existing body of
knowledge by offering insights into the practical application of EMA in a Sri Lankan
manufacturing context. The findings are expected to inform policymakers, industry
practitioners, and researchers on the potential benefits and challenges associated with
integrating EMA into organizational practices, thereby promoting sustainable development
within the manufacturing sector.
