Green Accounting Practices and Sustainability Disclosures: A Study of Selected Industries in Rajasthan

NIDHI GOYAL, RESEARCH SCHOLAR JAYOTI VIDYAPEETH WOMEN'S UNIVERSITY AND ASSISTANT PROFESSOR, GOVT. COMMERCE COLLEGE KOTA RAJASTHAN

E-MAIL: NIDHI99293@GMAIL.COM

PROF.(DR.) SANJAY KUMAR CHHABRA

JAYOTI VIDYAPEETH WOMEN'S UNIVERSITY : JAIPUR

E-MAIL - DEAN.FLG@JVWU.AC.IN

Abstract

The importance of environmental regulation and concern for the climate have made environmental accounting and sustainability disclosures key elements of the industrial strategy. This paper examines the fusion of ‘green’ initiatives and the financial outcomes within various industries in the state of Rajasthan. Data from the financial year 2019-20 to 2023-24 for three firms in each of the industries textile, cement, pharmaceuticals, power and food processing has been analysed in the study. While Certain environmental parameters such as energy, water, and emissions are evaluated, financial variables such as revenue, profitability, and debt are analysed. The study shows that the operational and financial efficiency of firms that undertake sustainability initiatives is  good. The Improved transparency and accountability is seen in the change from GRI to SEBI's Business Responsibility and Sustainability Reporting (BRSR) framework. This study identifies that the strategic importance of environmental accounting and sustainability reporting is significantly impacting sustainable industrial development in Rajasthan.

Keywords: Environmental Accounting, Sustainability Reporting, Green Capex, BRSR, Rajasthan Industries