Environmental accounting as a tool for sustainable economy: the case of the pharmaceutical companies in Puerto Rico

Through institutional approach, the main aim of this research was to evaluate and analyze how and why Janssen Pharmaceutical Company in Puerto Rico uses environmental accounting. A qualitative research in environmental accounting through an empirical analysis of Sustainability Reports, the study of many pharmaceutical firms on the island and an exploratory and descriptive case study in Janssen Pharmaceutical. It was concluded that the use of environmental accounting in Janssen include a series of regulatory, normative and cognitive structures that impact on their environmental performance, based on myths and organizational ceremonies to legitimize and ensure their survival.