An Examination of the Contemporary Paradigm of Environmental Accounting and Sustainable Finance

Abstract

Objectives: This study aims to comprehensively understand the existing framework for environmental accounting and sustainable finance globally, emphasizing its significance in contemporary economic and environmental contexts. Prior Work: Building upon established concepts, this paper synthesizes existing research to bridge gaps in understanding and provide insights into evolving environmental accounting practices. Approach: Employing a rigorous methodological approach, this study utilizes literature review, case studies, and empirical evidence to identify key factors influencing the effectiveness of environmental accounting and sustainable finance frameworks. Results: The study underscores the importance of integrating environmental considerations into accounting practices and highlights the need for robust frameworks to address environmental impacts. It also reveals insights into challenges and opportunities associated with global implementation of sustainable finance initiatives. Implications: This research informs strategies for enhancing environmental accountability and promoting sustainable development, benefiting academics, policymakers, practitioners, and administrators. Value: By offering a comprehensive analysis and synthesizing existing research, this paper provides valuable insights for both theoretical advancement and practical application in environmental accounting and sustainable finance.