Sustainable Innovation and Green Accounting in Improving Financial Performance: A Systematic Liteature Review

DOI

10.2991/978-94-6463-758-8_251How to use a DOI?

Keywords

Sustainable Innovation; Green Innovation; Financial Performance

Abstract

This study aims to evaluate the impact of green accounting and sustainable innovation on corporate financial performance through a systematic literature review approach. Green accounting is an accounting method that considers environmental costs in business decision-making, while sustainable innovation refers to the development of environmentally friendly products and processes that can provide companies with competitive advantages and cost efficiency. From the literature review, the implementation of green accounting and sustainable innovation is proven to be able to improve the financial performance of companies, such as through operational efficiency, cost reduction, and improved corporate image. However, challenges such as lack of clear regulations, high start-up costs, limited resources, as well as pressure to achieve short-term performance targets, remain. This study provides important insights into the relationship between green accounting, sustainable innovation and financial performance, and underlines the importance of a more comprehensive strategy and regulatory support to maximise the benefits. Future research is recommended to further explore the factors that influence the implementation of green accounting and sustainable innovation across different industry sectors.

Copyright

© 2025 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Elvin Yulita
AU  - R. A. Damayanti
AU  - Darmawati Darmawati
PY  - 2025
DA  - 2025/07/30
TI  - Sustainable Innovation and Green Accounting in Improving Financial Performance: A Systematic Liteature Review
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 3043
EP  - 3049
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_251
DO  - 10.2991/978-94-6463-758-8_251
ID  - Yulita2025
ER  -