Green Accounting: Integrating Sustainability into Financial Reporting
Keywords:
Green Accounting, Environmental Accounting, Sustainability Reporting, Financial Reporting, Corporate Social Responsibility, Environmental Impact, Accounting Standards, Sustainable Development, Triple Bottom Line, Green FinanceAbstract
Green Accounting, also known as environmental accounting, is an emerging field that seeks to integrate sustainability into financial reporting. This approach extends traditional accounting by incorporating environmental and social impacts into financial statements, providing a more comprehensive view of an organization's overall performance. This paper explores the principles and practices of Green Accounting, its benefits and challenges, and its implications for stakeholders. It examines various methodologies and frameworks for implementing Green Accounting, highlighting case studies of organizations that have successfully adopted these practices. The paper also discusses future trends and potential developments in Green Accounting, emphasizing its role in promoting corporate sustainability and responsible business practices.
