ENVIRONMENTAL REPORTING PRACTICES IN THE INDUSTRIAL PRODUCT INDUSTRY IN MALAYSIA

Abstract

Globally, governments and legislators have also established its concern on the environment through developing regulations and policies such as the International Financial Reporting Standard Board (IFRSB), the Association of Chartered Certified Accountants (ACCA), and the Global Reporting Initiative (GRI). Environmental Reporting Practices is a disclosure by corporations that their businesses are environmentally related regarding environmental impacts, environmental risks, policies, strategies or costs. This study attempts to add the gap in the literature, particularly in providing a review on the whether PLCs in Malaysia (Industrial product sector) involves the environmental activities in their business environment through environmental reporting indexes. Results shows that the environmental reporting practices in the selected sector is still low. However, the companies have started to concentrate on promoting sustainability as it was their highest achievement on environmental reporting practices index.

Keywords: environment reporting, indexes, sustainability