Green Accounting
Green Accounting is an approach that integrates environmental factors into traditional financial accounting. It aims to measure the economic value of natural resources and the costs associated with environmental degradation. By doing so, businesses and governments can better understand the impact of their activities on the environment.
This method helps organizations make informed decisions that promote sustainability. Green Accounting provides a clearer picture of a company's true performance by accounting for both profits and environmental costs. This way, stakeholders can assess the long-term viability of their investments while encouraging responsible resource management.