Sustainability Accounting as an Instrument for Green Economy and the Achievement of SDGs

Abstract

This study aims to examine the role of sustainability accounting in supporting the green economy, achieving the Sustainable Development Goals, and enhancing social welfare. The research adopts a qualitative approach through a literature review of academic that discuss sustainability accounting, the Triple Bottom Line, and their connection to social and environmental issues. The findings reveal that the application of sustainability accounting based on Triple Bottom Line expands corporate accountability by reporting economic, social, and environmental impacts in a more transparent manner. Furthermore, this practice not only improves corporate reputation and legitimacy but also contributes positively to profitability and competitiveness. However, the main challenges remain in the high implementation costs, limited managerial capacity, and low awareness among small and medium-sized enterprises. Despite these obstacles, opportunities for development are growing through regulatory support, investor pressure, and the adoption of digital technologies in sustainability reporting. Sustainability accounting can be regarded as a strategic instrument that not only strengthens economic performance but also promotes social welfare and environmental preservation.