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When implementing environmental management strategies it is important to
use effective accounting tools to facilitate corporate decision making. In this
context, a body of accounting practices, known as Environmental Management
Accounting (EMA), has emerged as an interface between management
accounting and environmental management. This paper attempts to provide a
snapshot of EMA practices in Sri Lanka using the authors’ experience in dealing
with several industries. It presents the commonly observed EMA tools and
techniques used in Sri Lankan organizations while discussing how they have
been diffused through adopters and propagators. Despite the rapid diffusion,
the authors do not find a comprehensive and systematic adoption of EMA in
Sri Lanka. This situation offers opportunities for Sri Lankan organizations to
benefit from the proper adoption of EMA in the future.
