The Transformation of Green Accounting in Harmony with Sdgs and the Triple Bottom Line

Abstract

This article focuses on describing the development of green accounting in Indonesia, especially changes in people's attitudes towards the environment, increasing regulation of environmental issues, and the increasing importance of sustainability in business. Implementing green accounting in a company can improve its environmental performance, thereby improving its financial performance. The literature review research method is a research method that focuses on the analysis, synthesis, and evaluation of documents or text sources related to green accounting research topics. This research found that among 212 companies listed on the Dhaka Stock Exchange, effective implementation of green accounting significantly improved the sustainability of companies with high pollution levels. There is a significant positive correlation between the level of social responsibility disclosure and the sustainability of companies with high pollution levels. The SDGs are relevant to green accounting because they provide a framework for companies to identify the industry's most relevant SDGS targets and allocate financial capital and other resources to the SDGS themes most consistent with their financial risk and return objectives. The relationship between green accounting and 3P (People, Planet, and Profit) is also a research concern. According to the 3P concept, a company can be assessed based on three factors: People (social), Earth (environment), and Profit (economic). A company's contribution to the environment and quality of human life can be measured through green accounting.