CMA workshop on adopting EMA

Thursday, 4 September 2014 00:00 - - {{hitsCtrl.values.hits}}

A half-day workshop on ‘Adopting Environmental Management Accounting’ (EMA) was organised by the Institute of Certified Management Accountants of Sri Lanka (CMA) recently at Distance Learning Centre in Colombo.

The workshop was inaugurated by CMA President Prof. Lakshman R. Watawala. The resource person of the workshop was Nuwan Gunarathne of Department of Accounting, University of Sri Jayewardenepura. Nuwan is a committee member of the Environmental and Sustainability Management Accounting Network (EMAN) Asia Pacific (AP) and representative of the Sri Lanka chapter of EMAN AP. This workshop was organised as a follow- up to the launch of the EMA Guidelines for Sri Lankan Enterprises by CMA on 18 June 2014, to enable participants to understand the practical insights in adopting EMA. Participants from the service and manufacturing organisations took part actively in this interactive workshop. It gave an opportunity for peer to peer learning and sharing of best practices on EMA in group discussions. The workshop covered environmental challenge, corporate greening, EMA, EMA development strategy and adoption. Key highlights were discussions on how various organisations respond to unique environmental challenges and the use of a holistic approach for environmental management facilitated through EMA. The participants were given insights on challenges and application of a framework to adopt EMA and were guided to the use of EMA systematically that would be a source for competitive advantage when various shareholders, customers and other stakeholders demand better environmental performance.