GREEN ACCOUNTING IN NORWEGIAN CONSTRUCTION
Master thesis
Permanent lenke
https://hdl.handle.net/11250/3074515Utgivelsesdato
2023Metadata
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This master’s thesis aims to explore the application of Environmental ManagementAccounting (EMA) in the Norwegian construction industry. EMA is an accountingmethod that assists companies in identifying, measuring, and managing theirenvironmental impacts, costs, and benefits. With the introduction of the CorporateSustainable Reporting Directive (CSRD) in the EU, more actors in the industry willbe required to report in accordance with the European Sustainability ReportingStandards (ESRS), which include Environmental, Social & Governance (ESG)reporting requirements.To achieve the objectives of the thesis, a qualitative multi-case study has beenconducted, involving five selected actors in the construction industry who will fallunder the scope of CSRD in 2024/25. The study maps out how these companiesuse EMA for reporting purposes and how their control systems facilitate effectivereporting.The findings reveal significant variation in the level of EMA use and associated toolsamong the companies in the industry studied. Companies with a longer history ofsustainability reporting demonstrate greater sophistication in their use of EMA. Thesecompanies possess more advanced tools and have automated reporting processes toa greater extent. However, the implementation of EMA faces several challenges inthe industry, including the complexity of the CSRD, underdeveloped data collectiontools, and the management of substantial amounts of data.The insights generated from this master’s thesis provide a systematic overviewof EMA practices in the Norwegian construction industry while also identifyingchallenges that need to be addressed to achieve more efficient and comprehensivereporting in line with CSRD and ESRS.