Green Accounting: A Pathway to Sustainable Corporate Practices
Keywords:
Green accounting, environmental accounting, sustainability reporting, corporate social responsibility, natural capital, environmental costs, ESG.Abstract
Green accounting, also known as environmental accounting, has emerged as a strategic tool for measuring, managing, and reporting the environmental costs associated with business activities. As climate change, resource depletion, and sustainability reporting gain prominence globally, organizations are under increasing pressure to integrate environmental considerations into financial decision-making. This paper examines the concept of green accounting, its methodologies, global practices, challenges, and implications for corporate sustainability. The study highlights the relevance of green accounting for ensuring transparency, improving stakeholder trust, and aligning corporate operations with the United Nations Sustainable Development Goals (SDGs).
