The article brings forth the fact that the declining state of our environment has become a global epidemic and environment accounting can be used as one of the tools for making the corporations around the world comprehend (becomes conscious) their accountability and thus help to maintain the environment.

The article lays emphasis on the need for regulatory environment disclosures, preventive strategies that can be adopted by the companies, role of accounting professionals and the practices adopted presently in Japan & Europe.

The article, most importantly, attempts informing the readers to start thinking in this direction and to initiate new ideas that can help in evolving effective methods of environment accounting and thereby taking steps towards saving our earth and our existence.