Abstract: Consequently the interest in environment was increased
recently by the global organization and authorities and the
necessity to protect the universe from the waste of human
communities and their civilization which badly impacts
ozone layer. Negligence of environment is deemed
collective suicide of human beings when they reached the
point of no return.
Therefore, this study becomes important since the
researchers tried, through studying and analyzing the
audited financial statements of the Electricity Generating
Company (the Sample of this research), to find out f they
pay for reservation of environment, as well as if they
take out measurement and disclose such environmental
expenditure. The expenditure is still little due the lack of
adequate interest and high cost in other hand.
The researchers tried to obtain to reach into a
conclusion that the Electricity Generating Company,
through answers of several questions posed in the
research, really allocates adequate amounts to preserve
the environment, but they do not disclose that in their
financial statements. Specialists’ views have been taken
into account in the sample of the companies cause
pollution to the environment, in respect of measurement,
environmental disclosure and analyzing their responses
to reach a set of results. It was found, theoretical side of
the research, that there is a wide interest in international
social accountability, in particular the payments on the
protection of the environment and maintains it free of
contamination and pollution control. It was also found that
there are several factors and accesses in the measurement
and environmental disclosure processes.
The researchers tried to make several of recommendations
of what the organizations must do, in general, and the
Electricity Company in particular, with respect to the
payments for environment preservation and disclose the
same in their financial statements. The industrial institutions,
that cause pollution to the environment, must be obliged to
meet the environmental measurement requirements for the
positive impact of such processes on the establishments to be
socially accepted, and enhance their marketing position. The
Institutions must disclose their efforts for the environment in
their financial annual statements, particularly the statement
of income and financial position.
Key words: Electricity generating company;
Protection of the environment; International social
accountability; Pollution control