The effect of implementing green accounting on the environmental performance of cement, energy, and mining companies in Indonesia

Fransisca Melenia; Aisa Tri Agustini; Hendrawan Santosa Putra

doi:10.14414/tiar.v13i1.3135

The effect of implementing green accounting on the environmental performance of cement, energy, and mining companies in Indonesia

Fransisca Melenia, Aisa Tri Agustini, Hendrawan Santosa Putra

Abstract

This study aims to examine the effect of implementing green accounting on the environmental performance of cement, energy, and mining companies in Indonesia. This study is a quantitative study. The data used are secondary data obtained from sustainability reports of cement, energy, and mining companies listed on the Indonesia Stock Exchange (IDX) during the period of 2017-2020. The data analysis method used in this study is partial least squares using the WarpPLS 7.0 program. The results show that the implementation of green accounting in the form of renewable energy has a negative effect on environmental performance. The implementation of green accounting in the form of recycled waste has a significant positive effect on environmental performance. Meanwhile, the implementation of green accounting in the form of environmental costs has no effect on environmental performance.

Keywords

Green accounting, Environmental performance

Full Text:

PDF

References

Abdullah, M. W., & Yuliana, A. (2018). Corporate Environmental Responsibility : An Effort To Develop A Green Accounting Model. XXII(03), 305–320.

Baalouch, F., Ayadi, S. D., & Hussainey, K. (2019). A Study of The Determinants of Environmental Disclosure Quality: Evidence from French Listed Companies. In Journal of Management and Governance (Vol. 23, Issue 4). Springer US. https://doi.org/10.1007/s10997-019-09474-0

Bartolomeo, M., Bennett, M., Bouma, J. J., Heydkamp, P., James, P., & Wolters, T. (2000). Environmental Management Accounting in Europe: Current Practice and Future Potential. European Accounting Review, 9(1), 31–52. https://doi.org/10.1080/096381800407932

Burhany, D. I. (2014). Pengaruh Implementasi Akuntansi Lingkungan terhadap Kinerja Lingkungan dan Pengungkapan Informasi Lingkungan (Studi pada Perusahaan Pertambangan Umum yang Mengikuti Proper Periode 2008-2009). Indonesia Journal of Economics and Business, 1(2), 1–8. https://scholar.google.com/scholar?hl=en&as_sdt=0%2C5&q=akuntansi+lingkungan%2C+kinerja+lingkungan&oq=akunta#d=gs_qabs&u=%23p%3DW9rL_BQUp6EJ

Climate Transparancy Report. (2020). Climate Transparency Report 2020. https://www.climate-transparency.org/countries/asia/indonesia#4e76947d-8a76-cl

Climate Transparency Report. (2020). Country Profile Indonesia 2020. 1–20. https://www.climate-transparency.org/countries/asia/indonesia#4e76947d-8a76-cl

de Oliveira Neto, G. C., Tucci, H. N. P., Pinto, L. F. R., Costa, I., & Leite, R. R. (2016). Economic and Environmental Advantages of Rubber Recycling BT - Advances in Production Management Systems. Initiatives for a Sustainable World (I. Nääs, O. Vendrametto, J. Mendes Reis, R. F. Gonçalves, M. T. Silva, G. von Cieminski, & D. Kiritsis (eds.); pp. 818–824). Springer International Publishing.

Deegan, C. M. (2014). Financial Accounting Theory. McGraw-Hill Education Pty Ltd.

Fatona, P. (2011). Renewable Energy Use and Energy Efficiency – A Critical Tool for Sustainable Development. Sustainable Growth and Applications in Renewable Energy Sources, February. https://doi.org/10.5772/27000

Hamidi. (2019). Analisis Penerapan Green Accounting terhadap Kinerja Keuangan Perusahaan. 6(2), 23–36.

Hendratno, S. P. (2016). Corporate Point of View in Green Accounting. Binus Business Review, 7(3), 247. https://doi.org/10.21512/bbr.v7i3.1499

Kementerian Energi dan Sumber Daya Mineral. (2019). Indonesia Energy Outlook 2019. 1–94. https://www.esdm.go.id/id/publikasi/indonesia-energy-outlook

Lako, A. (2016). Transformasi Menuju Akuntansi Hijau. CPA Indonesia, December, 52–54.

Langlois, T. C. (2018). A Visual Data Analysis of the Toxics Release Inventory.

Manik, J. D. N. (2020). Pengelolaan Pertambangan Yang Berdampak Lingkungan Di Indonesia. 274–282.

Ministry of Environment Japan. (2002). Environmental Accounting Guidelines 2002. March. https://www.env.go.jp/content/900453353.pdf

Nuryanti, T. N., Nurlely, & Rosdiana, Y. (2015). Pengaruh Akuntansi Lingkungan Terhadap Kinerja Lingkungan (Pada Perusahaan Tekstil Wilayah Bandung). In Prosiding Penelitian SPeSIA (Vol. 1, Issue 1, pp. 1–7). http://karyailmiah.unisba.ac.id/index.php/akuntansi/article/view/731

Osei, A., Kong, A., Angelina, Y., & Twum, K. (2021). Trend And Relationship between Environmental Accounting Disclosure and Environmental Performance for Mining Companies Listed In China. Environment, Development and Sustainability, 0123456789. https://doi.org/10.1007/s10668-020-01164-4

Pratiwi, S., & Juerges, N. (2020). Review of The Impact of Renewable Energy Development on The Environment and Nature Conservation in Southeast Asia. Energy, Ecology and Environment, 5(4), 221–239. https://doi.org/10.1007/s40974-020-00166-2

Putri, A. M., Hidayati, N., & Amin, M. (2019). Dampak Penerapan Green Accounting dan Kinerja Lingkungan Terhadap Profitabilitas Perusahaan Manufaktur Di Bursa Efek Indonesia. E-JRA Fakultas Ekonomi Dan Bisnis Universitas Islam Malang, 08(04), 149–164.

Rosaline, V. D., Wuryani, E., Ekonomi, F., Surabaya, U. N., & Surabaya, K. (2020). Pengaruh Penerapan Green Accounting dan Environmental Performance Terhadap Economic Performance. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 569–578. https://doi.org/10.17509/jrak.v8i3.26158

Rudman, J., Gauché, P., & Esler, K. J. (2017). Direct Environmental Impacts of Solar Power in Two Authors: Arid Biomes: An Initial Investigation. South African Journal of Science, 113(11–12), 1–13. https://doi.org/10.17159/sajs.2017/20170113

Sawitri, A. P. (2017). Analisis Pengaruh Pengungkapan Akuntansi. 177–187.

Shan, S., Genç, S. Y., Kamran, H. W., & Dinca, G. (2021). Role of Green Technology Innovation and Renewable Energy in Carbon Neutrality: A Sustainable Investigation from Turkey. Journal of Environmental Management, 294(May), 113004. https://doi.org/10.1016/j.jenvman.2021.113004

Tarun, G., & Ramu, M. (2018). A Study on Green Accounting : A Way to Sustainable Development. International Journal of Pure and Applied Mathematics ISSN: 1314-3395 (on-Line Version), 119(17), 509–518. http://www.acadpubl.eu/hub/

Ulupui, I. G. K. A., Murdayanti, Y., Marini, A. C., Purwohedi, U., Mardi, & Yanto, H. (2020). Green Accounting, Material Flow Cost Accounting and Environmental Performance. Accounting, 6(5), 743–752. https://doi.org/10.5267/j.ac.2020.6.009

Wahyuni, Meutia, I., & Syamsurijal. (2019). The Effect of Green Accounting Implementation on Improving the Environmental Performance Mining and Energy Companies in Indonesia. 10(July), 131–137. https://doi.org/10.21512/bbr.v10i2.5767

Zulaicha, A. U., Sasana, H., & Septiani, Y. (2020). Analisis Determinasi Emisi Co 2 di Indonesia Tahun 1990-2018. 123, 487–500.

DOI: http://dx.doi.org/10.14414/tiar.v13i1.3135