There have been numerous studies, both in India and around the world, on environmental disclosure policies of corporations and other forms of reporting entities. A number of environmental disclosure studies have been critical of the reporting practices adopted. This study is about the contents of environmental accounting disclosure from the users' point of view .'Users survey' in this domain is a still a novel approach in India. A sample of 500 different categories of shareholders, stockbrokers, accounting academics, financial institutions and banks, employees and research s, has been chosen for this study. Chisquare techniques have been applied for testing significant variations in opinions, and ranking by the different categories on disclosure, and content of environmental accounting information in the annual reports. Among the respondents, about 65.77% believe that environmental issues are material and as much as 73.27% seek disclosure of environmental information in the annual report.

These criticisms have an assumption that parties who use published annual reports actually take environmental performance into account. Thus environmental information is material to the users of the annual reports. This would seem to be a reasonable assumption. Introduction of environmental laws has raised a platform to insist corporate environmental disclosure amongst Indian companies. It has been established that environmental information is a much needed information to the users of annual reports. Along the time, environmental laws have increased in number dramatically, where by many annual report users, such as investors, would be wary of the potential financial risks associated with companies that are unable to indicate environmental accountability.

Environmental concern in India has burgeoned over the last few years, which is also consistent with increased community concern about environmental information. Related to this, evidence shows that environmental groups rely on annual reports to assess, at least in part, the environmental performance of reporting entities. It is also argued that shareholders, a key user group of annual reports, are increasingly considering organizational environmental performance in their investment decisions.

Contents of Environmental Accounting Disclosure - What Users Require from Annual Reports, environmental disclosure policies, shareholders, stockbrokers, accounting academics, financial institutions, environmental accountability, environmental groups, investment decisions.