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Green Accounting and its Role in Industry 5.0 Sustainability Framework

In: Building a Human-Centred Infrastructure for Sustainable Industry 5.0 in Asia

Author

Listed:
  • Garima Agarwal

    (Amity University Uttar Pradesh)

Abstract

Industry 5.0 is a paradigm that blends environmental stewardship, human ingenuity, and technology breakthroughs. It seeks to address societal and environmental problems by expanding on the automation and efficiency of Industry 4.0. Green accounting is a dynamic framework that incorporates environmental considerations, such as waste management, resource depletion, and environmental costs, into financial calculations. This strategy emphasizes the relationship between social responsibility, environmental protection, and economic growth. Green accounting ensures that industrial operations are in line with long-term sustainability goals and support the UN Sustainable Development Goals by tracking and evaluating the environmental performance of technologies like artificial intelligence (AI), robotics, and machine learning.

Suggested Citation

  • Garima Agarwal, 2025. "Green Accounting and its Role in Industry 5.0 Sustainability Framework," Springer Books, in: Priyanka Agarwal & Nitendra Kumar & Sanjeev Bansal & Yeliz Karaca (ed.), Building a Human-Centred Infrastructure for Sustainable Industry 5.0 in Asia, pages 225-248, Springer.
    • Handle: RePEc:spr:sprchp:978-981-95-0417-6_10
    DOI: 10.1007/978-981-95-0417-6_10
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