Green Accounting in India as a Measure of Attaining Sustainable Development Goals

Green accounting as a significant aspect of corporate social responsibility ensues identification and measurement of the costs to a company for economic impact on the environment. Environmental sustainability is a concept which has been increasingly incorporated by businesses in their day-to-day operations. Green accounting is a concept which requires a careful analysis of the costs and benefits of environmental pollution in terms of business activities. Green accounting also referred to as environmental accounting is a phenomenon which needs to be developed in a standardized manner in India as it is still in its infancy stage in developing countries like India. Accounting for the environment is the need of the hour as business houses and corporations need to be made aware of the implications of their business operations on the environment. This paper highlights the impact of Sustainable Development Goals undertaken by different countries as a part of the Millennium Development Goals (MDGs) by studying the impact on growth of carbon emissions, greenhouse gas emissions and accounting for forest carbon stock covering the pre-implementation and post-Implementation period of MDGs.