Assessment of the Reality of Environmental Accounting In Libyan Industrial companies : A case study of the shams Al-Wady mills And feeds Factory in toburk

Abstract

This study aimed to identify the reality of environmental accounting implementation in Libyan industrial institutions and to explore the main obstacles and difficulties that hinder its actual application within these institutions. To achieve the objectives of the study, the researchers followed the descriptive-analytical approach and collected data and information through a questionnaire. The study reached several conclusions, the most important of which is the lack of environmental awareness regarding the concept and importance of environmental accounting among employees of Libyan industrial companies. It also found many obstacles limiting the application of environmental accounting in Libyan industrial firms, the most significant being the absence of laws and regulations that mandate companies to undertake environmental accounting procedures, and the lack of commitment by these companies to implement environmental accounting. The study recommended the need to raise environmental awareness among accountants and workers in Libyan industrial institutions, adopt advanced accounting information systems that support environmental accounting by tracking emissions, industrial waste, and environmental treatment costs, and amend tax laws to provide exemptions and incentives for institutions that comply with environmental accounting practices. This would encourage investment in sustainable solutions, reduce pollution, and promote environmentally friendly products.