Systematic literature review highlights the significance of environmental accounting and esg disclosures in promoting accountability, indicating challenges in standardization.
Key Points
Environmental accounting is crucial for measuring and managing corporate carbon footprints, aiding in emission reduction efforts.
The systematic literature review analyzed 73 records, narrowing down to 47 relevant studies that address sustainability practices.
ESG disclosure frameworks enhance stakeholder trust and can lead to financial benefits, with high-quality disclosures linked to lower capital costs.
Challenges such as greenwashing and lack of standardized reporting impede the effectiveness of environmental accounting in climate action.