Conclusion
Limits of traditional financial and cost accounting methods to reflect efforts of organizations towards
sustainability and to provide management with information needed to make sustainable business decisions have
been broadly recognized. Information on environmental performance of organizations might be available to
some extent, but, decision-makers of internal company, as well as those in public authorities, are seldom able to
link environmental information to economic variables and are crucially lacking environmental cost information.
As a consequence, decision makers fail to recognize the economic value of natural resources as assets, and the
business and financial value of good environmental performance. Beyond “goodwill” initiatives, a few marketbased
incentives exist to integrate environmental concerns in decision-making.