ANALIZA STANJA RAČUNOVODSTVA OKOLIŠA I ODRŽIVOG RAZVOJA U NAFTNOJ INDUSTRIJI U BOSNI I HERCEGOVINI

Economic entities in the global market, within the oil industry, have become aware that they must pay attention to the environment in their business operations. Environmental accounting enables them to track and analyze the necessary information concerning their effects on the environment. For many economic entities, monitoring the harmful impacts on the environment and environmental protection is not only a challenge to meet the requirements of regulatory bodies and supply chains, due to the reputation of business image and consumer pressure, but also due to the necessity of a business strategy that promotes corporate sustainable development. The subject of this research is the analysis of the state of environmental accounting in the oil sector, while respecting the framework of sustainable development faced by economic entities in this sector. The aim of the paper is to investigate how much attention is devoted to environmental accounting and sustainable development in the oil industry in Bosnia and Herzegovina, and to apply the regulations that govern environmental accounting, as well as to systematize the components of environmental accounting, objectives, and dimensions of sustainable development. It has been established that the implementation of environmental accounting is weak, but that in making business decisions, economic entities in the oil sector in Bosnia and Herzegovina rely on the effects of the economic and environmental dimensions of sustainable development.