Users and Uses of Environmental Accounting: The Case of the Philippines

Identification of the users and uses for environmental accounting information are not well researched in developing countries. Development of an environmental accounting system at the national level has, since the Rio Conference and Agenda 21 in 1992, become a requirement for ‘environmentally responsible’ countries. This paper addresses users and uses of environmental accounting information in the context of sustainable development processes in the Philippines. The Philippines is a developing country which was already developing an environmental accounting system before the Rio initiative. Since Rio, it has continued to develop its existing system while, at the same time, exploring, in parallel, the infrastructure for a new system supported by the United Nations. Following a brief examination and comparison of the two systems, it is concluded that the time is right for moving the emphasis away from policy making uses and towards the needs of other stakeholders, if transparency about stewardship of natural resources is to be encouraged. Over time, action to integrate the two systems must occur if there is to be an efficient and effective institutionalising process which will provide lessons for environmental accounting by other developing countries.