DECISIONS BASED ON ENVIRONMENTAL INVESTMENTS AND SUSTAINABILITY

Abstract

This work deals with the efficiency of the decisions based on environmental investments by the use of the costbenefit analysis in the evaluation of an investment project of an aluminium industry company of Romania. The paper deals with the typology of the costs used in the evaluation of the environmental investment projects in point of managerial accounting, but also with the indicators used in a cost-benefit analysis. To analyze the data we used a questionnaire based on three questions whose results were analyzed and which were at the basis of the realization of our whole scientific approach. The case study on the cost-benefit analysis used in an environmental investment project has been realized at a company of the aluminium industry, of Romania, and the results obtained have been presented and analyzed adequately. The work ends with the authors’ conclusions related to the efficiency of the decisions based on environmental investments and sustainability and to the use of the cost-benefit analysis in the evaluation of the environmental investments projects.

Keywords

• sustainability
• environment
• managerial accounting
• investments
• decision
• financial and non-financial information
• cost-benefit analysis