Challenges in implementing environmental management accounting tools: the case of a nonprofit forestry organization

The purpose of the present paper was to examine if Environmental Management Accounting, and especially its tool Environmental Cost Accounting, can support both the augmentation of environmental nonprofit/nongovernmental sector's accountability, and the provision of meaningful results for policy decision making. Based on a case study at the Hunting Federation of Macedonia and Thrace, a nonprofit forestry organization responsible for the management and protection of wildlife resources in Greece, implications about the challenges of applying Environmental Management Accounting in the sector were examined. It was concluded that the existing Environmental Management Accounting tools can partly address the several dimensions of their operation and additional accounting regimes may be needed. Nevertheless, these tools can prove to be a useful starting point. (C) 2012 Elsevier Ltd. All rights reserved.