Environmental information for the reduction and offsets in emissions will
stem from the internal information system which provides support for
management decisions. Its importance in the provision of such information
was highlighted in the publication by the World Business Council for
Sustainable Development (WBCSD) in their document “Measuring Impact
Framework” in August (2008). Furthermore, in 2005 the International
Federation of Accountants (IFAC) provided a guidance document for
the accounting profession on Environmental Management Accounting
(EMA). This document included both monetary and physical information
on the flow of resources throughout the firm, and provided implications
for the management of their outputs, specifically waste, disposal costs, and
emissions.