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Abstract Nowadays, market tends to increasingly patronize those businesses which apply an environmental initiative. Thus, this study aimed to determine the impact of environmental activities on the profit growth, development, and sustainability of selected organizations in General Santos City as a basis for the development of environmental accounting. Specifically, it had (1) identified the profile of selected organizations in General Santos City comprised of the following: nature of the organization, its size, number of employees and years of existence (2) known the environmental activities of organizations in terms of its nature, frequency, basis, and estimated annual cost (3) discovered the impact of environmental activities on the profit growth, development, and sustainability of selected organizations, and (4) developed environmental activities for the selected organizations. The respondents of this study were the owners/managers of selected fishing and manufacturing, and presidents/key administrators of selected educational organizations. The statistical tools used are frequency distribution, weighted mean and percentage method. Findings of the study revealed that as to nature of the organization, 43.59% are coming from manufacturing industries, 35.90% from fishing industry and 20.51% from the educational institutions. As to size, 53.84% are medium entities, 28.21% are small sized and 17.95% are large entities. As to number of employees, 51.28% have 51-100 employees, 30.77% employs 1-50 employees and 17.95% employs above 100 employees. As to years of existence, 58.97%


are operating for 1-25 year, while the other 25.65% have been existing 26-50 years and 15.38% for above 50 years. On the environmental activities, 74.36% are conducting water protection activities, 58.97% are into efficient use of natural and energy resources, 41.03% conducted land protection activities, 30.77% for atmospheric air protection and 5.13% have other environmental activities. As to the frequency, 46.15% are conducting monthly, 28.21% employ it quarterly, 12.82% are conducting annually, 6.25% do it semi-annually and 12.50% have given other specified frequency of their environmental activities. As to the basis, 82.05 percent have an environmental policy, 58.97 percent have an environmental program, 48.72 percent were having environmental guidelines, and 12.82 percent made an environmental statement. As to the cost, almost half have an annual cost of 100,000-149,999, 28.21 percent have a cost of 50,000-99,999, 15.38 percent for 1,000-49,999 and 7.69 percent answered for 200,000 and above while 5.13 percent of the responding organization has an annual cost of 150,000-199,999. Findings of the study revealed that there is an overall weighted mean of 3.39 for the impact of environmental activities to profit growth, 2.86 for the development of the organization, and 4.21 for the organizations sustainability. The overall weighted mean is 3.49 which interpreted as moderately high impact. The following conclusions are made based on the presented findings of the study: The nature of organizations that mostly conduct environmental activities are manufacturing industries that belong to the medium scale entities. They

employed 51-100 employees and have already existed for 1-25 years. The common nature of their environmental activities are water protection, efficient use of natural and energy resources, and land protection activities which are based on their environmental policy. They conducted these activities once a month and it cost them for around 100,000-149,999 annually. The environmental activities conducted have a moderately high impact on the profit growth and development of the organization while it has high impact on the area of sustainability. Development of environmental accounting is not recommended since it will not be effective based on the current status of the companies selected; environmental activities have been developed. The study concludes that the selected organizations are not yet prepared to establish an environmental accounting framework since based on the related literature, discussed further on Chapter 2 of this paper, the framework would not be effective if the organizations current status cannot support the financial and technical demands of environmental accounting evidenced by the results of the findings for profit growth, development and sustainability. Thus, the researchers had recommended ways in which the firms could increase the weighted mean of the indicators.