Environmental Management Accounting Practices for Small-Scale Gold Millings and Mines in Mashonaland Central, Zimbabwe

Author

Matyeyi, Artwell

Title

Environmental Management Accounting Practices for Small-Scale Gold Millings and Mines in Mashonaland Central, Zimbabwe

Abstract

Environmental Management Accounting (EMA) has been at the facet of modern organizations
with great environmental effects. The purpose of this research is to explore the existing EMA
practices for small-scale gold mills and mines in Mashonaland Central, Zimbabwe and factors
affecting the adoption of Environment Management Accounting by small scale mines in
Zimbabwe. To determine the current state of EMAP available in small-scale gold millings and
mines in Mashonaland central and to gather perceptions about the influences that affect EMA
implementation, a quantitative research design was employed, the primary data was obtained using
well-structured questionnaires from a population of 38 mills or mine accountants and coded data
was inputted in a Statistical Package for Social Science (SPSS) version 20. To determine the
significant link between EMAP and Small-scale miner’s financial performance, Spearman
correlation coefficient was employed. The study reviewed that; PEMA is more commonly
practiced than MEMA. It is evidenced that the implementation of EMA practices largely depends
on coercive factors, desire to achieve competitive advantages, mimetic factors and normative
factors respectively. In addition to that, it was also found that the implementation of EMA in small￾scale mines was hindered by financial barriers, management barriers, informational barriers,
attitudinal barriers and institutional barriers respectively. The study also reviewed that the financial
performance of small-scale miners can improve as a result of implementing environmental related
activities or practices. It is recommended that the Government of Zimbabwe should form stringent
environmental rules and legislations, in view of the role played by institutional pressures and
stakeholders’ concerns in EMA implementation. It is also recommended that the sustainability
reporting that was mandated to listed companies should not leave small-scale mills and mines and
other unlisted companies immune. The government of Zimbabwe should effectively and
accurately measure air emissions and devote resources to environmental audits. It is also suggested
that the introduction of tax incentives to those who have environmental practices and charge
ecological taxes to polluters such as polluter pays principle can increase the application of EMA.

Date

2023

Publisher

BUSE

Keywords

Environmental Management Accounting

small-scale gold mill and mines

Physical Environmental Management

Monetary Environmental Management Accounting (MEMA),

Supervisor

N/A