Accounting Conservatism in Green Practices: Environmental Performance, Green Management, and Green Accounting
- Sapnajahwani Sapnajahwani Universitas Widya Dharma Pontianak, Pontianak, Indonesia
-
Ricky Ricky
*
Universitas Widya Dharma Pontianak, Pontianak,
Indonesia
(*) Corresponding Author
Abstract
Growing climate concerns and pressure to maintain legitimacy have encouraged energy companies to integrate green practices into operations and financial reporting. This study examines the influence of Environmental Performance, Green Accounting, and Green Management on accounting conservatism among energy companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. Using a quantitative causal design, secondary data were obtained from annual and sustainability reports, with samples selected through purposive sampling. Panel data regression was used to analyze the data, with EViews 13 serving as the statistical software for data processing and analysis. The findings reveal that Environmental Performance and Green Accounting have no significant effect on Accounting Conservatism, while Green Management has a positive and significant effect (EP: β = -0.033, p = 0.532; GM: β = 0.533, p = 0.002; GA: β = 0.005, p = 0.963). This study differs from previous research by examining these three variables simultaneously, providing a more integrated perspective on the relationship between sustainability practices and conservative financial reporting in Indonesia’s energy sector. Practically, companies should align environmental management with financial reporting policies, particularly by strengthening Green Management as a potential driver of Accounting Conservatism. Investors and stakeholders may also consider these findings when assessing environmental governance and financial reporting reliability. Academically, this study contributes empirical evidence to the discussion of sustainability and accounting conservatism while providing opportunities for future research to examine other variables and industry contexts.
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