Title: Environmental Accounting Practices in Indian Corporates: A Comprehensive Literature Review with Global Perspectives
Authors: Pandya Janhvi and Dr. Jagadish Dhoriya
Volume: 9
Issue: 7
Pages: 70-75
Publication Date: 2025/07/28
Abstract:
Environmental accounting has emerged as a critical facet of corporate responsibility and sustainable business practices in response to increasing global concerns about environmental degradation and climate change. This literature review aims to systematically examine the evolution, implementation, and impact of environmental accounting practices in Indian companies, with a comparative lens on global developments. Drawing insights from 28 national and international research papers, the study explores key themes such as environmental disclosure practices, regulatory frameworks, stakeholder influence, and the integration of environmental costs into financial decision-making. The review highlights that while Indian companies are progressively adopting environmental accounting practices, significant gaps remain in standardization, transparency, and regulatory enforcement. Internationally, the practice is more mature, especially in developed economies where robust legal frameworks and stakeholder activism drive higher compliance. The findings underscore the need for a unified environmental accounting framework in India, greater corporate accountability, and alignment with global best practices to enhance sustainability reporting. This paper contributes to the existing body of knowledge by synthesizing diverse perspectives and identifying critical research gaps that could inform policy reform and future empirical studies.