Environmental accounting saves costs and improves sustainability for businesses worldwide.
Environmental accounting helps businesses understand and manage their impact on the environment. By conducting environmental audits, companies can identify ways to reduce waste, improve processes, and save costs. Multinational companies can play a role in creating a sustainable environment by innovating and using resources more efficiently. Environmental cost accounting provides essential information for managing environmental performance. Integrating environmental issues into financial decisions can benefit organizations of all sizes. The study found that environmental accounting can lead to cost savings and increased management effectiveness.