Integrating Green Accounting Into Sustainable Business Strategies: Efforts To Achieve The Sustainable Development Goals (SDGS)
DOI:
10.47353/ecbis.v4i6.607Published:
2026-09-29Downloads
Abstract
Business evolves from short-term profit-maximizing calculation towards value creation. One major reason is the inability of the traditional accounting system to internalize environment-related externality . Therefore, green accounting should be put into consideration when developing business strategies. The purpose of this research is to evaluate green accounting incorporation types in sustainable business strategy development and how they link micro actions to macro values in achieving Sustainable Development Goals (SDGs). This research employed the Systematic Literature Review (SLR) technique following PRISMA 2020 guideline on 31 scientific journals published between 2016-2026 from the Scopus, ScienceDirect, and Google Scholar database. Thematic Analysis was used to qualitatively and argumentatively analyze the data extracted. Results from literature review reveal that green accounting through Environmental Management Accounting (EMA) tools, Material Flow Cost Accounting (MFCA), and carbon accounting served as calculative capabilities to turn perceived environmental costs into business opportunities. Moreover, companies that have incorporated environment costs were found to encourage green innovation, lower cost of equity , and discourage greenwashing activities. This research also develops a public value linkage integration model that shows how corporate calculations affect the achievement of SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), and SDG 17 (Partnerships for the Goals). This research suggests policy makers to make environmental costs disclosures compulsory and management to consider environment accounting-based public reform of management control.
Keywords:
Green Accounting Environmental Management Accounting, Sustainable Business Strategy Sustainable Development Goals (SDGs)References
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