BEYOND FINANCIALS: A SYSTEMATIC LITERATURE REVIEW ON THE ROLE OF GREEN ACCOUNTING IN ENVIRONMENTAL SUSTAINABILITY
DOI:
https://doi.org/10.55829/zbwcfy64Keywords:
Green Accounting, Environmental Reporting, Sustainability Accounting, Systematic Literature Review (SLR), Environmental Management Accounting (EMA), Regulatory Frameworks in SustainabilityAbstract
Green accounting has emerged as a crucial mechanism for integrating environmental considerations into corporate financial reporting. This study systematically reviews the literature on green accounting, highlighting its evolution, significance, and challenges in corporate sustainability practices. The analysis explores key themes, including accounting and reporting practices, economic and environmental measures, human resource management, and regulatory influences. Despite the growing adoption of green accounting frameworks such as the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB), inconsistencies in reporting, regulatory gaps, and a lack of organizational learning persist as critical barriers. The study identifies technological advancements, such as artificial intelligence and blockchain, as potential solutions to enhance transparency and efficiency in environmental accounting. Furthermore, the paper outlines key research gaps and suggests future research directions, including the financial implications of green accounting and the role of policy interventions in standardizing sustainability reporting. This review contributes to a deeper understanding of green accounting's role in corporate sustainability and provides valuable insights for policymakers, researchers, and practitioners seeking to enhance environmental accountability in business operations.
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