3.

Discuss the major impact green accounting can

have on accounting performance in the Bangladesh
textile industry.

Bangladesh's garment industry is the country's largest manufacturing and

exporting sector, accounting for 6.04% of the country's GDP. First, the sector
employs around 4.2 million people, with women accounting for 80% of the
workforce. Because of the vastness of the sector, environmental considerations,
particularly resource costs and environmental degradation, are seen as critical.
Second, ecological deterioration is a major issue since solid and liquid wastes
are inadequately disposed of. After all, some clothing emits trash into adjacent
ponds. The WDF facility necessitates the use of an emission treatment plant,
some of which are inoperable, and water testing. Machinery contributes to poor
air quality by emitting greenhouse gases and volatile organic compounds, which
degrade the air. Because of the sector's scale and contribution to environmental
deterioration, this sector must care after its ecological features in order to ensure
the country's sustainability.

Accounting regulations require exact cost metrics, making it impossible to

attach financial amounts to some environmental operations. The difficulty with
charge quantification is that it inhibits comparisons and analysis of costs
assigned for multiple accounting years since the conditions and elements
evaluated for each year's quantification may alter from prior or future years
(CEA, 2013). Industries directly connected to the environment, such as natural
resource mining industries, have additional hurdles since natural catastrophes
can directly disrupt their operations. Environmental contamination produced by
natural disasters necessitates significant expenditure, putting strain on the
company's resources (Peter, 2012). This form of risk must be regarded as
uncontrollable by the firm, and therefore, under environmental accountability,
the pollution must be defined as controllable or uncontrollable by the company
concerned (Roussey, 1992).

Green accounting may capture manufacturing businesses' green image. They

can tell you more about green accounting or environmental accounting.

Green accounting is used in Bangladesh, but more is needed and it is more

prevalent than in industrialized countries. Most businesses must be made aware
of this and its execution.

Kreuze J G and Newell G E, “ABC and Life-Cycle Costing for Environmental

Expenditures” Management Accounting, pp38-42, (1994).

Peter, K. V. (2012). United Nations Convention on Biological Diversity.

Hyderabad, India:11th Conference.

Rahman and Muttakin. “Corporate Environmental Reporting Practices in

Bangladesh-A Study of Some Selected Companies”, The Cost &
Management, 33(4), pp.13–21. (2005).

Roussey. (1992). Environmental laws. London: MA.