The Influence of Green Accounting and Material Flow Cost Accounting on Sustainable Development in Mining Companies Listed on the Indonesia Stock Exchange for the 2020–2024 Period
Keywords:
Green Accounting; Material Flow Cost Accounting; Sustainable Development; Mining; Environment.Abstract
This study aims to examine the impact of Green Accounting and Material Flow Cost Accounting (MFCA) on Sustainable Development in energy sector mining companies listed on the Indonesia Stock Exchange, from 2020-2024. Environmental issues and the need to implement sustainable accounting practices are the primary reasons for this study. This study uses a quantitative method with secondary data obtained from annual reports and company sustainability reports. The research sample was taken using a purposive sampling technique, resulting in 10 companies as research objects. To analyze the data, a multiple linear regression method was used through the SPSS application. The results show that separately, Green Accounting does not significantly affect Sustainable Development, indicating that its application is still administrative and has not been used as a tool in strategic decision-making. In contrast, MFCA has a significant positive effect, indicating that efficiency in material use and waste reduction play an important role in achieving sustainability. Together, Green Accounting and MFCA have a significant effect on Sustainable Development with a determination rate of 98.8%. This finding indicates that synergy between the application of environmental accounting and material flow efficiency is essential to strengthen sustainable development in the mining sector.
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