DOES GREEN ACCOUNTING IMPACT SUSTAINABILITY DEVELOPMENT IN AFRICA?

ISBN-13: 9786208418946 / Angielski / Miękka / 2024 / 52 str.

Taiwo Muritala

Opis

This study investigates the impact of green accounting on the sustainable development of listed multinational oil and gas companies in Africa, analyzing data from audited reports of six firms over 18 years (2005-2022). Using an ex post-facto research design and panel autoregressive distributed lag technique, green accounting was assessed through pollution prevention, waste management, and remediation control costs, while sustainable development was evaluated using financial, social, and environmental performance (triple bottom line). The findings reveal that there is a positive and significant relationship between green accounting and sustainable development in both the short and long run. Also, green accounting simultaneously improves financial, social, and environmental outcomes. However, green accounting disclosure practices are not yet fully adopted by multinational oil and gas companies in Africa. However, the study recommends that these companies should prioritize environmental responsibility by reducing negative environmental impacts through green policies, strategies, and operations, and by being more socially accountable.