Green Accounting Within the Framework of Corporate Social Responsibility and Sustainable Development

Current trends in business processes demonstrate the importance of the impact of accounting activities on management processes. The global strategy of sustainable development concerning financial instability and the emergence of new financial challenges necessitates an in-depth study of the phenomenon of corporate social responsibility (CSR) in the context of green accounting operations. This research examines modern approaches to business accounting in terms of sustainable development and analyses its role in ensuring the reliability of strategic management decisions. The potential risks of neglecting financial statements audits, including the deterioration of the current investment climate and the reduction of business financial stability, have been identified. The key importance of accounting in optimizing financial performance, increasing the level of reliability of reporting and its compliance with international standards has been substantiated. Additionally, the limits of green accounting as an influence on corporate sustainability and business competitiveness have been explored. It has been demonstrated that a socially responsible company is a business framework that carefully adheres to the concept of sustainable development, stimulates innovation, and effectively manages available resources. It has been shown that the strategy of sustainable development and corporate social responsibility should currently be considered as a priority in the approach of management to increase the corporate sustainability of businesses and ensure their positive impact on social development. It has also been determined that green accounting in this context should be carried out based on a defined strategy of interaction between the organization and its stakeholders in compliance with international standards.