ZLV Online

Abstrakt

The article is focused on a possibility of environmental management accounting (EMA) and its application in forestry. Challenging idea is to take into account all forestry externalities. It is important to try to find a solution to include all forestry outputs in a system of environmental management accounting, because externalities are often excluded, which means that managers do not have correct information for their decision-making. Presented approach covers the environmental management methodology, which UN EMA Working Group developed and Ministry of the Environment of the Czech Republic introduced in 2002. Subsequently, the methodology of forest services valuation (ŠIŠÁK, PULKRAB 2008) was applied. Forestry produces a lot of outputs (positive externalities). That is why a municipal forest company was selected as an example. Share of positive externalities in the Rokycany Forest Company is 1.5% of revenues. Only internalised externalities are comprised in environmental management accounting. On the other hand, managements of municipal forest companies can use a forest services valuation to increase value of forests (e.g. due to guarantee). When recreational value of the Rokycany municipal forests is calculated, coefficient of effectiveness increases from 1.012 to 1.681. The article proves that introduction of environmental management accounting and valuation of forest services is a key approach for decision-making.