Question

Corporate environmental accounting practices measure resource use and communicate the cost of a company’s impact on the environment.As you know, environmental concern is increasingly widespread. For example, in April 2008, WalMart began carrying only concentrated forms of laundry detergent, dishwashing detergent, and many household cleaners, a decision which reduces packaging waste and increases shelf space.

Answer 1

To answer this question, let's understand better what Corporate environmental accounting is all about.

Corporate environmental accounting

Corporate environmental accounting is known to focus on the performance of a company or firm. It looks into the cost structure and environmental performance of that particular firm.

Walmart's business strategy in 2008 began to bring about reduction in packaging waste and increase in shelf life. This was achievable because there was an evaluation of the performance of the company through the lens of the corporate environmental accounting.

Corporate environmental accounting actually helps to achieve a better quality of life.

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