International Journal of Research Studies in Education
Special Luminary Issue
2025
Volume 14 Issue 2
Available Online: 20 February 2025
Author/s:
Ferraro, Mae B.
Silay Institute, Inc., Philippines (Mae.ferraro@silayinstitute.edu.ph)
Abstract:
Green Accounting is recently given attention in view of its contribution towards achieving sustainability development goal for “Responsible Consumption and Production” (SDG #12) This goal aims to attain economic growth and sustainable development which mandates the need to reduce carbon footprint by responsible production and consumption of goods and resources. Green Accounting, otherwise known as sustainable accounting, combines environmental and social factors into economic decision-making practices. One of the benefits of green accounting is for the organization to understand and account for their environmental footprint. Also, it promotes cost savings through finding opportunities for reduction of waste and energy consumption. Sugar milling companies should be aware of green accounting practices as part of its corporate social responsibility for a sustainable environment. The aim of this study is to determine the level of implementation of green accounting practices of a sugar mill in the areas of environmental policies and procedures, environmental accounting practices, and stakeholder engagement. The findings revealed moderate implementation of the practices. It is therefore encouraged that the company invests additional resources in increasing its level of implementation for an active involvement in the global efforts to address climate change. Anticipated additional costs should be provided budget allocation to identify such expense for a possibility of future tax exemption or reduction as allowable deductible expense.
Keywords: green accounting practices, environmental policies and procedures, stakeholder engagement, corporate social responsibility, sustainable environment, cost savings
DOI: https://doi.org/10.5861/ijrse.2025.25854
Cite this article:
Ferraro, M. B. (2025). Implementation of green accounting practices by a sugar mill in Northern Negros. International Journal of Research Studies in Education, 14(2), 167-177. https://doi.org/10.5861/ijrse.2025.25854