ENVIRONMENTAL ACCOUNTING IN THE FINANCES OF SUSTAINABLE COMPANIES IN MEXICO

Abstract

Purpose: This study analyzes the effect of Environmental Accounting on the Financial Profitability of Sustainable Companies on the Mexican Stock Exchange. Theoretical framework: The research is based on the Three-Dimensional Theory of Accounting Method/design/approach: The investigation is documentary. The sustainability reports and the 2020 financial reports of 19 companies are studied. For the correlation of the variables, the Rho Spearman Coefficient is used. Results and conclusion: The results show that in the year 2020 there is a positive correlation between environmental accounting and the net profit margin and profit per share, data that allow an approach to knowledge about the effect of the environment on the finances of companies, since it is not It had the information of all sustainable companies, which allows future research with different methodologies. Environmental actions have a positive effect on some reasons of financial profitability Research implications: Organizations are suggested to manage activities for the benefit of the environment, since from a financial point of view it contributes to their competitiveness. Originality/value: Analyzing the relationship between the variables Environmental Accounting and Financial Profitability in a business sector in Mexico justifies the originality of the study.