The Role of Management Accounting in Environmental Sustainability in Chile

Abstract

This research examines the role of management accounting in promoting environmental sustainability among Chilean companies. Through a quantitative analysis of survey data from 150 firms, the study identifies key accounting practices that support sustainability initiatives, such as environmental cost accounting and sustainability reporting. Findings reveal that firms integrating these practices experience improved environmental performance and stakeholder satisfaction. However, challenges such as lack of training and resources are also highlighted. The research provides recommendations for enhancing management accounting practices to better align with sustainability goals. This study contributes to the understanding of how management accounting can facilitate environmental stewardship in corporate settings.