Need and Importance of Green Accounting for Sustainable Development

In today's world, many companies are facing numerous environmental problems due to their focus on maximizing profits, the increasing demands of consumers, rapid advancements in technology, and the unsustainable consumption of natural resources. Corporate sustainability has become one of the biggest challenges for these companies. Therefore, this study aims to explore how accounting, as the language of business and a source of information are important for sustainability. The research paper investigates different approaches to corporate sustainability using Green Accounting. Through continuous efforts to find the most suitable accounting system for sustainable development, green accounting has emerged as a potential indicator of sustainability. This research article relies on primarily as well as secondary data and modern accounting practices. It also provides a methodology and data types that can help improve the green accounting system in India and promote sustainable development in the corporate sector.