Interpretive Structural Modelling (ISM) of Enablers Affecting Green Accounting in Indian Manufacturing Sector: A Conceptual Model

Abstract

Green accounting is vital for every economy in the world. Indian manufacturing sectors are regarded as one of the most significant contributors to environmental and socioeconomic problems, and as a result, the country lacks global sustainability and progress. This paper focuses on how these industries can contribute to the sustainability of the environment. The paper aims to analyze how these industries can promote ecopreneurial behavior. Also, the researchers and expert opinions lead to a theoretical framework and conceptual model using a well-defined and explained literature review and the derived model to understand, observe, and analyze various environment awareness concerns. To gather the expert opinions, various calls and surveys were scheduled with chartered accountants, academicians, environmental experts, commerce people, to understand how the identified variables are influenced by each other. Environmental management accounting and green accounting came out as the most significant and vital factors. All the identified variables were complementing. Three levels came out for the model. The authors created an ISM on factors affecting green accounting in the Indian manufacturing sector, emphasizing the context and concept related to the discovered variables that have been tested in the real world.

Keywords

• environmental management, green accounting, financial reporting, manufacturing industries, sustainability