Green Accounting and its Role in Industry 5.0 Sustainability Framework

Garima Agarwal ()
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Garima Agarwal: Amity University Uttar Pradesh

A chapter in Building a Human-Centred Infrastructure for Sustainable Industry 5.0 in Asia, 2025, pp 225-248 from Springer

Abstract: Abstract Industry 5.0 is a paradigm that blends environmental stewardship, human ingenuity, and technology breakthroughs. It seeks to address societal and environmental problems by expanding on the automation and efficiency of Industry 4.0. Green accounting is a dynamic framework that incorporates environmental considerations, such as waste management, resource depletion, and environmental costs, into financial calculations. This strategy emphasizes the relationship between social responsibility, environmental protection, and economic growth. Green accounting ensures that industrial operations are in line with long-term sustainability goals and support the UN Sustainable Development Goals by tracking and evaluating the environmental performance of technologies like artificial intelligence (AI), robotics, and machine learning.

Keywords: Green accounting; Sustainability; Industry 5.0; Environmental impact; Natural capital; Circular economy; Resource Efficiency; Smart manufacturing; Sustainable Development Goals (SDGs); Environmental reporting; Carbon footprint; Eco-efficiency; Financial sustainability; Sustainable business models; Environmental transparency; Carbon emissions; Waste reduction; Green technologies; AI and sustainability; Regulatory compliance; Corporate Social Responsibility (CSR); Ecosystem services; Resource management; Blockchain for sustainability; Sustainability metrics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-0417-6_10

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DOI: 10.1007/978-981-95-0417-6_10

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