Green Accounting, Environmental Accounting, and Carbon Accounting: Is It the Same?

Abstract

Green accounting is a concept that has yet to be widely applied in Indonesia. With pressure from stakeholders, companies are now implementing green accounting concepts. research on green accounting has been thoroughly investigated. However, the terminology of green accounting is expanding into terms such as environmental accounting and carbon accounting. The primary objective of this research is to examine the distinctions between terminology for each notion in an effort to clarify these ideas. In various literature, these three terms are used in different contexts. This type of research is a systematic literature review (SLR) conducted using qualitative methods, collecting journal articles from Elsevier and Emerald with period until June 2023. The results of this study show that, by definition, green accounting and environmental accounting refer to the same thing; therefore, this terminology can be used interchangeably. However, carbon accounting is different from green and environmental accounting. The results of this study are expected to contribute to researchers and businesses, governments, and policymakers by providing accurate terminology to ensure consistency with the concept.