The Appropriateness of the Performance of Jordanian Chemical Industrial Companies for the Accounting Basics on Sustainable Development

Abstract

This study aimed to evaluate the environmental, social and economic performance of Jordanian Chemical Industrial Companies, to show the appropriateness of that performance with the accounting on sustainable development. A questionnaire was designed to study the practical side, it was distributed to a study sample of (10) companies from Jordanian Companies of Chemical Industries listed on Amman Stock Exchange until 31/12/2013. The questionnaire was designed for the purpose of arbitration on a group of professors and experts in the fields of accounting, management, environment and industry, as well as in the practical field of study.

The results of this study is that the commitment of departments of Jordanian Companies for Chemical Industries in applying sustainable development helps in measuring the financial and non-financial performance of the company, and that there is interest in the requirements of the improvement and development of performance and production that lead to profitability, maintain market share and achieve economic benefits for the environment and society.

The recommendations is the need that Jordanian Companies for Chemical Industries have to pay more attention to disclose about the procedures of applying the principles of sustainable development to increase the effectiveness and efficiency of evaluating and monitoring the performance of the financial and non-financial management  periodically, and develop the capacities of the environment staff and technicians in the government departments concerned with the environment to assess the requirements of the surrounding community.

Keywords: Financial and Non-Financial Performance, Environmental, Social and Economic Performance, Accounting for Sustainable Development.