Implementation Effectsgreen Accounting, Material Flow Cost Accounting, And Environmental Performance To Sustainable Developmentin Companies On The Idx
(Study on the sector Basic Materialson the IDX 2021-2025)
DOI:
https://doi.org/10.24905/icobis.v2i1.113Keywords:
Green Accounting, Material Flow Cost Accounting, Environmental Performance, Sustainable Development, Bsic Materials, ATAbstract
This study aims to test the influence ofGreen Accounting, Material Flow Cost Accounting(MFCA), andEnvironmental Performance to Sustainable DevelopmentThis quantitative research uses secondary data from annual reports, sustainability reports, and PROPER ratings. The sample was determined throughpurposive samplingas many as 67 sector companiesBasic Materialson the IDX for the 2021–2025 period (335 observations). Data were analyzed usingRobust Standard Errorsin Stata 17. The F-test results show the overall suitability of the model in predictingSustainable Developmentproven to be very good and significant (F = 54.935; p = 0.000). Partially (t-test), MFCA has a positive and significant effect (coefficient = 0.544; p = 0.000), whileGreen Accounting(coefficient = -0.136; p = 0.252) andEnvironmental Performance(coefficient = -0.012; p = 0.532) has no significant effect. The R-squared value of 0.357 indicates that the independent variable is able to explain 35.7% of the variation.Sustainable DevelopmentThis study concludes that material management efficiency through MFCA is a key driver of corporate sustainability.
References
(GRI), G. R. I. (2021). GRI Standards 2021. Abdullah, M. W., & Yuliana, A. (2018). Corporate Environmental Responsibility : An Effort To Develop A Green Accounting Model. Accounting Journal, 22(03), 305–320.
Alfian, R., Ritchi, H., & Hasyir, D. A. (2020). Analysis of Material ImplementationFlow Cost Accounting(MFCA) In Industrial Companies (Case Study At PT. Unipres Indonesia).E-Journal of Economic Appreciation Volume, 8(1), 86–98.
Amanda, R. F., Rahman, F., Rahmadhani, S. N., Tambunan, S. B., & Tursina. (2025). AdvancingSustainable Development in PROPER- Accounting and Material Flow Cost Accounting. Scientific Journal of Accounting and Finance, 14(1), 76–79.
Anggraen, N. L. A., & Sisdyani, E. A. (2025).Green Accounting, Independent Commissioner, Media Exposure and Sustainability Report Disclosure.E-JOURNAL ECONOMICS https://ojs.unud.ac.id/index.php/EEB/index AND BUSINESS, UDAYANA UNIVERSITY, 14(10), 1493–1503.
Aniela. (2012). The Role of Environmental Accounting in Improving Corporate Environmental and Financial Performance.Accounting Student Scientific Periodical, 1(1), 15–19.
Anindia, D., Novianti, R., & Yusmaiarti. (2025).Green AccountingVs Conventional Accounting: Differences And Impacts (Srl And Prisma Approaches).Journal of Accounting, Finance, Taxation and Corporate Governance (JAKPT), 3(1), 1–10.
Arum, L. S., & Farida. (2023). InfluenceGreen Accounting, Environmental Performance, Material Flow Cost Accounting(MFCA) And Environmental Disclosure AgainstSustainable Development Goals (Sdgs). Business Studies Widya Wiwaha College of Economics, 31(2), 54–67.
Asti. (2021). Environmental and Material DisclosureFlow Cost Accounting(MFCA) on Company Profitability (Study of Companies in Various Industrial Sectors Listed on the Indonesia Stock Exchange for the 2015-2019 Period).Journal of Information Systems, Accounting and Management, 1(1). Sector (2021-2024).
Athiyadina, N., & Prasetyo, J. E. (2026). Sustainability Reporting,Green Accounting, Intellectual Capital, and Firm Size: Evidence on ROA in Basic Materials Owner: Accounting https://doi.org/https://doi.org/10.33395/owner.v10i2.3039 Sustainability Research & Journal, 10(2), 1197–1213.
Bell, F., & Lehman, G. (1999). Recent trends in environment accounting: How green are your accounts? Accounting Forum, 23(2), 154–169. https://doi.org/10.1111/1467-6303.00010
Burhany, D. I., & Nurniah. (2013). Environmental Management Accounting: A Tool to Improve Environmental Performance in Sustainable Development.EQUITY (Journal of Economics and Finance), 17(3), 280–281.
Dewi, P. E. C., Inayati, N. I., Kusbandiyah, A., & Pandansari, T. (2025). Sustainable Development: Application of Green Accounting and Material Flow Cost Accounting (Case Study of Non-Cyclical Consumer Goods Companies in 2021-2023).Interdisciplinary Journal of Indonesian Islamic Economics, 8(3), 13043–13059.
Diono, H., & Prabowo, T. J. W. (2017). Analysis of the Influence of Corporate Governance Mechanisms, Profitability, and Company Size on the Level of Sustainability Report Disclosure.DIPONEGORO JOURNAL OF ACCOUNTING, 6(2013), 1–10.
Fazmi, N., Hilmi, & Mardiaton, R. (2024). Implementation AnalysisGreen AccountingAnd MaterialFlow Cost Accounting To Sustainable Development(Case Study at PT. Pupuk Iskandar Muda North Aceh Period 2018-2022).MALIKUSSALEH ACCOUNTING JOURNAL, 3(1), 29–43. https://doi.org/10.29103/jam.v%vi%i.14420
