The Role of Green Accounting in Enhancing Business Sustainability: A Case Study of Renewable Energy Companies

Amos Lukas; Akenji Cliford Fru-Ngongban; Hafiz Ali Raza

doi:10.54443/sinomika.v4i1.3476

Authors

Amos Lukas Research Center for Agroindustry, National Research and Innovation Agency, Indonesia
Akenji Cliford Fru-Ngongban University of Yaoundé I, Cameroon
Hafiz Ali Raza Institute of Agricultural Extension, Education and Rural Development, Pakistan

DOI:

https://doi.org/10.54443/sinomika.v4i1.3476

Keywords:

Green accounting, sustainability, renewable energy, business performance

Abstract

This study explores the role of green accounting in enhancing business sustainability, specifically within renewable energy companies. As environmental concerns increase globally, businesses are under growing pressure to adopt sustainable practices, with green accounting serving as a critical tool in this transformation. Green accounting involves integrating environmental costs into traditional financial reporting systems, allowing companies to better track their environmental impact, improve resource efficiency, and contribute to long-term sustainability. This research investigates how renewable energy companies implement green accounting practices and assesses the impact of these practices on their sustainability performance. Using a qualitative approach, the study examines multiple case studies from companies in the renewable energy sector, highlighting both the benefits and challenges of adopting green accounting. The findings suggest that companies with comprehensive green accounting systems not only achieve better environmental outcomes but also improve their relationships with stakeholders, attract investment, and gain a competitive advantage. However, the study also identifies significant barriers, including the lack of standardized reporting frameworks and internal resistance to change. The research concludes that the widespread adoption of green accounting is essential for advancing sustainability in the renewable energy sector and offers practical recommendations for overcoming implementation challenges.

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