“Green Accounting Practices in Sustainable Development”

Abstract

Green accounting has emerged as an important approach in modern financial and environmental management due to increasing concerns regarding environmental degradation, climate change, pollution, and depletion of natural resources. Traditional accounting systems mainly focus on financial transactions and profitability, often ignoring the environmental costs associated with business activities. Green accounting, also known as environmental accounting, integrates environmental and economic information to measure the impact of organizational operations on the environment and support sustainable development. This research paper examines green accounting practices and their role in promoting sustainable development in modern economies and business organizations. The concept, objectives, and significance of green accounting in measuring environmental costs, resource utilization, pollution control, and ecological sustainability. Green accounting enables organizations and governments to identify environmental expenses related to waste management, carbon emissions, energy consumption, and natural resource depletion. By incorporating environmental factors into accounting systems, businesses can improve transparency, environmental responsibility, and long-term financial planning.