Abstract
Green accounting, material flow cost accounting and environmental performance
Highlights
Issues related to infrastructural development have been hot topics for discussion in Indonesia (Ma'ruf & Daud, 2013; Sukma, 2015)
Jasch (2009) states that Material Flow Cost Accounting (MFCA) has been used in many countries, including Japan where big companies and regulators have used MFCA in their processes of environmental performance efficiency. The objective of this present study is to identify the effects of green accounting and MFCA on the environmental performance of cement companies listed on Indonesian Stock Exchange (IDX)
This research can bring significant benefits, and the results suggest that companies should apply green accounting and MFCA to experience better environmental performance
Summary
Issues related to infrastructural development have been hot topics for discussion in Indonesia (Ma'ruf & Daud, 2013; Sukma, 2015). Despite all the polemics and skeptical views of the infrastructural development, the government is determined to complete the ambitious work program which has already been designed, and they are willing to spend an enormous budget of more than Rp4,000 trillion This is because they think that the development of infrastructures has become an urgent necessity, for a country as big as Indonesia. Azapagic (2003) proposes a corporate sustainability management system (CSMS) consisting of five stages: policy development, planning, implementation, communication, review of progress and corrective action (Bare, 2011; Al-Adamat et al, 2020). These five stages are formulated by using four indicators: economic, technological, social, and environmental. One type of industry which is directly involved in infrastructural development projects in Indonesia is the cement industry (Daniel, 2009; Rieckhof et al, 2015)
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