The Indian business scenario in context of the environment and sustainability is plagued with the lack of clear policies at Central and industry wide level. There is ever increasing demand for regular and reliable environmental reporting in respect of resources and environment. The development in field of cleaner production and pressure from the multilateral agencies and international treaties are putting stress on the enterprise for sustainable use of resources as well as its periodic reporting.  Thus a series of steps taken by the Government and some guideline to be followed voluntarily is creating a broad frame work for environment related reporting.

KEYWORDS:  Environmental Accounting, Green Accounting, Environmental Reporting.