Global Trends and Collaborative Dynamics in Environmental Management Accounting: A Comparative Analysis

This study offers a comprehensive examination of Environmental Management Accounting (EMA) trends and collaborative dynamics, focusing on the impact of the European Green Deal and other global initiatives. By employing a combination of bibliometric and semi-systematic review methodologies, this study investigated the development of EMA practices, particularly in response to institutional pressures and new sustainability reporting standards. Despite extensive research on EMA worldwide, there is a noticeable concentration of scholarly activity in certain countries, with European nations excluding Germany showing limited engagement. This research emphasizes the progression of EMA in effectively managing environmental impacts within the corporate sector, revealing that while significant theoretical advancements have been made, the practical applications of EMA remain relatively underexplored. These findings underscore the need for increased research efforts and more effective policy frameworks, particularly in the European context, to facilitate the integration of EMA practices in line with recent legislative changes. This study aims to provide a clearer understanding of global EMA trends, the state of collaborative research, and implications for policy and practice in environmental accounting.