Green Accounting and Environmental Performance: Evidence from Renewable Energy, Recycled Materials and Environmental Costs
DOI:
https://doi.org/10.24260/aktiva.v4i2.6831Keywords:
Green Accounting, Renewable Energy, Recycled MaterialsAbstract
Purpose: This study aims to analyze the effect of Green Accounting, proxied by renewable energy, recycled materials, and environmental costs, on environmental performance in mining and energy sector companies listed in the Indonesian Sharia Stock Index (ISSI) during the 2021–2025 period.
Method: This research employed quantitative approach using secondary data obtained from annual reports, sustainability reports, and the Corporate Environmental Performance Rating Program (PROPER) reports. The sample was selected using a purposive sampling technique, resulting in 21 companies with a total of 105 panel observations. Data were analyzed using panel data regression with EViews 14, and the Random Effect Model (REM) was selected as the most appropriate model based on panel model selection tests.
Research Findings: The findings indicate that recycled materials have a positive and significant effect on environmental performance, whereas renewable energy and environmental costs do not have a significant effect. Simultaneously, the three Green Accounting proxies do not significantly affect environmental performance.
Contribution: These findings provide empirical support for Sharia Enterprise Theory by demonstrating that the implementation of Green Accounting through the utilization of recycled materials contributes to improving environmental performance. This study is expected to provide practical insights for companies and stakeholders in strengthening sustainable environmental management practices.
Tujuan Penelitian: Penelitian ini bertujuan untuk menganalisis pengaruh Green Accounting yang diproksikan melalui energi terbarukan, bahan daur ulang, dan biaya lingkungan terhadap kinerja lingkungan pada perusahaan sektor pertambangan dan energi yang terdaftar di Indeks Saham Syariah Indonesia (ISSI) periode 2021–2025.
Metode: Penelitian menggunakan pendekatan kuantitatif dengan data sekunder yang diperoleh dari annual report, sustainability report, dan laporan Program Penilaian Peringkat Kinerja Perusahaan dalam Pengelolaan Lingkungan Hidup (PROPER). Sampel penelitian dipilih menggunakan teknik purposive sampling sehingga diperoleh 21 perusahaan dengan total 105 observasi. Analisis data dilakukan menggunakan regresi data panel melalui aplikasi EViews 14 dengan model Random Effect Model (REM) sebagai model terbaik berdasarkan hasil uji pemilihan model.
Temuan Penelitian: Hasil penelitian menunjukkan bahwa secara parsial bahan daur ulang berpengaruh positif dan signifikan terhadap kinerja lingkungan, sedangkan energi terbarukan dan biaya lingkungan tidak berpengaruh signifikan terhadap kinerja lingkungan. Secara simultan, ketiga variabel Green Accounting tidak berpengaruh signifikan terhadap kinerja lingkungan perusahaan.
Kontribusi: Penelitian ini memberikan kontribusi empiris terhadap pengembangan Syariah Enterprise Theory dengan menunjukkan bahwa implementasi Green Accounting melalui pemanfaatan bahan daur ulang memiliki peran dalam meningkatkan kinerja lingkungan. Penelitian ini diharapkan menjadi referensi bagi perusahaan dan pemangku kepentingan dalam meningkatkan praktik pengelolaan lingkungan yang berkelanjutan.
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