“Counting What Matters”: The Importance of Green Accounting in the 21st Century – Sept 2025

Author: Pachore R. N.*
Assistant Professor,
B.Y.K. College of Commerce, Nashik

Abstract:

As the 21st Century continues to be an age of progress and prosperity, more and more emphasis is being laid on nature and the Environment that surrounds us. Green accounting is an expanding field focused on factors like resource management and environmental impact, in addition to company’s revenue and expenses. It is a popular term for environmental and natural resource accounting. Green accounting will help the organization to identify the resource utilization and incurred cost. Practically for developing countries like India it is a twin problem about saving environment and economic development. This method records cost and benefits of a business concern. Green Accounting in India is in developing stage both at the corporate level and at the national level hence many organizations are uncertain about the outcomes of Green accounting and are therefore reluctant to implement such tool. In order to help organizations to evaluate the need of Green accounting this research paper concentrates on understanding the concept of green accounting and also aims to identify real advantages of implementation of Green accounting within an economic entity.

Keywords: Green accounting, environmental accounting, Resource Accounting.

DOI: 10.65282/sjrl.vo.1.issue.02.005