Nature on the Balance Sheet: Economic Valuation of Environmental Liabilities in the Hotel Industry Through Preventive Expenditure
Keywords:
Economic Valuation, Environmental Liabilities, Hotel Industry, Preventive ExpenditureAbstract
Introduction: The economic valuation of environmental liabilities has become a determining factor in identifying the economic value of the damage that companies cause to the environment. This provides an important indicator that contributes to the well-being of society. The environmentalist paradigm is the framework underlying this research, which advocates for a return to nature and criticizes the destructive relationship between humans and their biophysical surroundings, paving the way for sustainable development — one that guarantees a better quality of human life without compromising the capacity of the systems that support it.
Objective: In this study, the preventive expenditure technique is applied to determine the environmental liabilities generated by hotel companies operating in the Mucujún River basin.
Method: This work falls within the scope of analytical research, which requires moving through exploratory and descriptive research phases. The exploratory phase involves a literature review related to the subject and interviews with individuals directly connected to the problem. The descriptive phase characterizes specific aspects of the topic under study, ultimately leading to the analytical phase, in which the situation is assessed to address the research objectives.
Results: The guidelines and proposals for quantifying environmental liabilities have not been precisely defined and may vary depending on the type of activity carried out by the organization.
Conclusions: The Mucujún River basin shows increasingly concerning levels of contamination, as evidenced by water quality studies conducted in the area to date. One of the key indicators of this contamination problem is fecal coliforms, which have shown high levels during the study periods and, in some cases, exceed the limits permitted by current regulations.
Empirical Contribution: This research represents a meaningful contribution to the field of accounting sciences by outlining steps that can be taken to determine the environmental liabilities generated by hotel companies, enabling them to adopt the necessary corrective measures.
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