Accounting for the Planet: A Critical Analysis of Green Accounting Frameworks and Their Implications for Business Strategy

  • Unique Paper ID: 172528
  • Volume: 11
  • Issue: 9
  • PageNo: 563-566
  • Abstract:
  • As the world grapples with unprecedented environmental challenges, businesses are under increasing pressure to adopt sustainable practices. Green accounting frameworks have emerged as a crucial tool for measuring and reporting environmental performance. However, the existing frameworks are plagued by limitations and challenges. This study provides a comprehensive analysis of existing green accounting frameworks, including the Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC), Sustainability Accounting Standards Board (SASB), and Environmental, Social, and Governance (ESG) Framework. The study assesses the implications of these frameworks for business strategy, highlighting their strengths and weaknesses. The findings of this study contribute to the development of more effective green accounting frameworks, which can help businesses to better account for their environmental impacts and drive sustainable development. This research has significant implications for businesses, policymakers, and stakeholders seeking to promote sustainable business practices and environmental stewardship.

Copyright & License

Copyright © 2025 Authors retain the copyright of this article. This article is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

BibTeX

@article{172528,
        author = {SARANYA and Priyadharshini k and Mithra V and MUKILARASI S and NITHIYASHREE M and SAMPREETA S and VIDHYA S and VIGASHINI S},
        title = {Accounting for the Planet: A Critical Analysis of Green Accounting Frameworks and Their Implications for Business Strategy},
        journal = {International Journal of Innovative Research in Technology},
        year = {2025},
        volume = {11},
        number = {9},
        pages = {563-566},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=172528},
        abstract = {As the world grapples with unprecedented environmental challenges, businesses are under increasing pressure to adopt sustainable practices. Green accounting frameworks have emerged as a crucial tool for measuring and reporting environmental performance. However, the existing frameworks are plagued by limitations and challenges. This study provides a comprehensive analysis of existing green accounting frameworks, including the Global Reporting Initiative (GRI), International Integrated Reporting Council (IIRC), Sustainability Accounting Standards Board (SASB), and Environmental, Social, and Governance (ESG) Framework. The study assesses the implications of these frameworks for business strategy, highlighting their strengths and weaknesses. The findings of this study contribute to the development of more effective green accounting frameworks, which can help businesses to better account for their environmental impacts and drive sustainable development. This research has significant implications for businesses, policymakers, and stakeholders seeking to promote sustainable business practices and environmental stewardship.},
        keywords = {Green accounting, sustainability reporting, business strategy, environmental performance, sustainable development.},
        month = {February},
        }

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