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CERTIFIED MANAGEMENT ACCOUNTANT 25

Figure 05: Trend Analysis of Figure 07 shows an overview of trend
Environment Disclosers in analysis of environmental disclosure References
Construction and Engineering Sector index of plantation sector. In 2015 and
2016, there had not been considerable

fluctuations in Environment Disclosure
Index. However, it had been slightly
increased after 2016.

Figure 08: Trend Analysis of

Environment Disclosers in Aruppala D, Perera P,2013.
Manufacturing Sector Environmental Reporting Practice
of Listed Companies in Sri Lanka:
Evidence from Manufacturing, Motor,

Power and Energy Sectors. Conference
ICBI 2013 at :faculty of commerce and
Construction & Engineering Sector
management; university of Kelaniya.
Figure 05 depicts an overview of
trend analysis of environmental Elshabasy, Y. N., 2017. The impact
disclosure index of the construction of corporate characteristics
and engineering sector. In 2015 and on environmental information
2016 there had not been considerable disclosure: an empirical study on the
fluctuations in Environment Disclosure listed firms in Egypt. The Business and
Index. However, it had been gradually Management Review, 8(5), pp. 181-
increased after 2016. 191.
Manufacturing Sector
Figure 06: Trend Analysis of Jariya, A. I., 2015. Environmental
Environment Disclosers in Power and Figure 08 shows an overview of Disclosures in Annual Reports of
Energy Sector trend analysis of total environmental Sri Lankan Corporate: A Content
disclosure index. It indicates that there Analysis. Journal of Emerging Trends
is a gradual increase in the level of in Economics and Management
environmental disclosures annually in Sciences, 6(8), pp. 350-357.
the manufacturing sector.
Pahuja, S., 2009. Relationship between
the environmental disclosures and
Conclusion corporate characteristics: A study of
This study examines the environmental large manufacturing companies in
India. Social responsibility journal,
disclosure practices of most
environmentally sensitive companies 5(2), p. 228.
listed in the Colombo Stock Exchange.
Power and Energy Sector
Environment disclosures have Rajapakse, B., 2003. Environmental
As Figure 06 shows there are little gradually increased annually over the Reporting Practices of the Private
fluctuations in environmental period analyzed. The same finding Sector Business Organizations in Sri
disclosures of power and energy sector. was discovered by Jariya (2015). He Lanka. Journal of Management, 1(1),
Environmental disclosure level had has noted environment disclosure pp. 11-21.
been gradually increased year by year. practices have increased year by year Sameera, T. & Weerathunga, P. R.,
But there was a slight decrease in 2017. not only in Sri Lanka, but also in an 2013. Environmental disclosure
Figure 07: - Trend Analysis of international context. In conclusion, the practices of manufacturing industry
– evidence from listed companies in
Environment Disclosers in Plantation environmental disclosure in Sri Lankan the colombo stock exchange (CSE) in
Sector context is still low, but it is on a growing
stage. Study of Aruppala & Perera sri lanka. SSRN Electronic Journal, pp.
(2013) showed that the environmental 1 - 14.
disclosure practice of listed companies

in Sri Lanka is not at a satisfactory level.
Moreover, another interesting finding
was that there is a trend of Internet
Financial Reporting which, instead of
being attached to the sustainability

report in annual reports, are reported in
websites.
Plantation Sector
www.cma-srilanka.org | Volume 06 -No. 2 - September 2021