Abstract:
The STAR1 magazine reported ‘---environmental degradation in the river
water from untreated domestic and industrial effluent has reached such an alarming
level that it posses a significant threat to public health, ecosystem and economic
growth of surrounding areas.’ This is one of the many examples of water pollution
threaten public lives and economic growth in the country. As the indiscriminate
dumping of industrial effluents continues, the once vibrant river is on the brink of
untimely death. Mushrooming of modern buildings for supermarkets, industrial set
up, business houses and residents killed the canal and ponds already. Country’s
economic growth is emerging at heavy cost for the society and environment as well.
Essentially, therefore, industrial and business houses should take initiatives for a
sustainable environmental conservation. Environmental accounting and reporting of
business houses can be one of such initiatives that indirectly play a vital role to
check pollution resulted from industrial effluents. This study thus purposively
investigates the existing laws for environmental accounting and their implications
while industrial and corporate houses prepare annual reports. We found a little
implication and the business houses disclose a meager amount of environmental
information voluntarily as part of their publicity.
