Application of Green Accounting and Implementation of Circular Economy in Inorganic Waste Processing
DOI:
https://doi.org/10.38142/ljes.v2i1.229Keywords:
Green Accounting, Circular Economy, Inorganic Waste Processing, Tegal Tugu Village, SustainabilityAbstract
Purpose:
This study aims to analyze the application of green accounting and the implementation of a circular economy business model in inorganic waste processing in Tegal Tugu Village. Green accounting, which focuses on recording and managing environmental impacts, is expected to help measure and manage natural resources more sustainably. Meanwhile, the circular economy offers an approach to recycling and reusing inorganic waste to create economic value and reduce waste.
Methodology:
The research method used is a case study with a qualitative approach, involving interviews with stakeholders in the village and analysis of documents related to waste management.
Findings:
The results of the study indicate that the application of green accounting in inorganic waste processing can provide economic and environmental benefits. However, challenges related to public awareness and infrastructure availability still need to be overcome.
Implication:
In addition, the implementation of a circular economy business model has contributed to waste reduction and the creation of new economic opportunities at the village level. This study suggests increasing collaboration between the government, community, and private sector to strengthen the implementation of both concepts in order to create sustainability in waste management in the village.
Downloads
References
Alkaraan, F., Elmarzouky, M., Hussainey, K., & Venkatesh, V. G. (2023). Sustainable Strategic Investment Decision-Making Practices in UK Companies: The Influence of Governance Mechanisms on Synergy Between Industry 4.0 and Circular Economy. Technological Forecasting and Social Change, 187, 122187. https://doi.org/https://doi.org/10.1016/j.techfore.2022.122187
Antari, K. A. A., Agustina, N. K. W., & Yudhistira, P. G. A. (2023). The Influence of Risk Perception on Visit Decision to Tourism Village: The Mediating Role of Tourist Motivation. International Journal of Social Science and Business, 7(4), 947–956. https://doi.org/10.23887/ijssb.v7i4.49853
Ardini, L., & Fahlevi, M. (2024). Circular Economy from an Environmental Accounting Perspective: Strengthening Firm Performance Through Green Supply Chain Management and Import Regulation in Indonesia’s Plastic Recycling Industry. Uncertain Supply Chain Management, 12(3), 1633–1646. https://doi.org/10.5267/j.uscm.2024.3.017
Bagheri, A., Emami, N., & Damalas, C. A. (2021). Farmers’ Behavior Towards Safe Pesticide Handling: An Analysis with the Theory of Planned Behavior. Science of the Total Environment, 751, 141709. https://doi.org/10.1016/j.scitotenv.2020.141709
Bala, H., Al-Absy, M. S. M., Ya’u, A., Abdullahi, M., Sani, A. A., Khatoon, G., Mustapha, U. A., & Musa, B. (2024). The Effect of Environmental Taxes on Environmental Accounting Disclosure of Nigerian Oil and Gas Companies. International Journal of Energy Economics and Policy, 14(2), 477–483. https://doi.org/10.32479/ijeep.15426
Belaud, J. P., Prioux, N., Vialle, C., & Sablayrolles, C. (2019). Big Data for Agri-Food 4.0: Application to Sustainability Management for By-Products Supply Chain. Computers in Industry, 111, 41–50. https://doi.org/10.1016/j.compind.2019.06.006
Ben Arfi, W., Hikkerova, L., & Sahut, J. M. (2018). External Knowledge Sources, Green Innovation and Performance. Technological Forecasting and Social Change, 129(January), 210–220. https://doi.org/10.1016/j.techfore.2017.09.017
Calderon-Monge, E., & Ribeiro-Soriano, D. (2023). The Role of Digitalization in Business and Management: A Systematic Literature Review. In Review of Managerial Science (Issue 0123456789). Springer Berlin Heidelberg. https://doi.org/10.1007/s11846-023-00647-8
Camilleri-Fenech, M., Sola, J. O. i., Farreny, R., & Durany, X. G. (2020). A Snapshot of Solid Waste Generation in the Hospitality Industry. The Case of a Five-Star Hotel on the Island of Malta. Sustainable Production and Consumption, 21, 104–119. https://doi.org/10.1016/j.spc.2019.11.003
Díaz-Gil, N. D. (2024). Social Accounting and its Effect on the Corporate Business Model. Aibi, Revista de Investigacion Administracion e Ingenierias, 12(2), 166–179. https://doi.org/10.15649/2346030X.3224
Hou, J., Luo, S., & Cao, M. (2019). A Review of China's Current Situation and Prospects of Poverty Alleviation with Photovoltaic Power Generation. Journal of Renewable and Sustainable Energy, 11(1). https://doi.org/10.1063/1.5048102
Khan, S., & Gupta, S. (2023). Using a Hermeneutic Phenomenological Approach to Twitter Content: A Social Network’s Analysis of Green Accounting as a Dimension of Sustainability. Qualitative Research in Financial Markets, 15(4), 672–692. https://doi.org/10.1108/QRFM-02-2022-0031
Laksmi, P. A. S., Selamet, I. K., Mangku, I. G. P., Saputra, K. A. K., Rashid, W. E. W., & Saihani, S. B. (2024). Management Strategy Planning and Implementation of Advanced Technology In Increasing Agricultural Productivity. RJOAS: Russian Journal of Agricultural and Socio-Economic Sciences, 9(153), 97–106.
Li, L., Msaad, H., Sun, H., Tan, M. X., Lu, Y., & Lau, A. K. W. (2020). Green Innovation and Business Sustainability: New Evidence from Energy Intensive Industry in China. International Journal of Environmental Research and Public Health, 17(21), 1–18. https://doi.org/10.3390/ijerph17217826
Malihah, L., & Magfiroh, S. (2024). Ekonomi Sirkular Sebagai Antitesis dari Ekonomi Linier: Sebuah Tinjauan. Jurnal Ekonomi STIEP (JES), 9(1).
Marsh, A. T. M., Velenturf, A. P. M., & Bernal, S. A. (2022). Circular Economy Strategies for Concrete: Implementation and Integration. Journal of Cleaner Production, 362(October 2021), 132486. https://doi.org/10.1016/j.jclepro.2022.132486
Mikalef, P., Boura, M., Lekakos, G., & Krogstie, J. (2019). Big Data Analytics and Firm Performance: Findings from a Mixed-Method Approach. Journal of Business Research, 98(February), 261–276. https://doi.org/10.1016/j.jbusres.2019.01.044
Oktaviari, K. G., Gama, A. W. S., & Kusuma, I. G. A. E. T. (2023). The Mediating Role of Purchase Intention on the Effect of Product Quality and Price Fairness on Purchasing Decisions. JIA (Jurnal Ilmiah Akuntansi), 8(2), 366–378. https://doi.org/10.23887/jia.v8i2.66966
Patwa, N., Sivarajah, U., Seetharaman, A., Sarkar, S., Maiti, K., & Hingorani, K. (2021). Towards a Circular Economy: An Emerging Economies Context. Journal of Business Research, 122(May 2020), 725–735. https://doi.org/10.1016/j.jbusres.2020.05.015
Pedersen, L. H., Fitzgibbons, S., & Pomorski, L. (2021). Responsible Investing: The ESG-Efficient Frontier. Journal of Financial Economics, 142(2), 572–597. https://doi.org/10.1016/j.jfineco.2020.11.001
Pender, K., Romoli, F., & Fuller, J. (2024). Lifecycle Assessment of Strategies for Decarbonising Wind Blade Recycling toward Net Zero 2050 †. Energies, 17(12). https://doi.org/10.3390/en17123008
Plastinina, I., Teslyuk, L., Dukmasova, N., & Pikalova, E. (2019). Implementation of Circular Economy Principles in Regional Solid Municipal Waste Management: The case of Sverdlovskaya Oblast (Russian Federation). Resources, 8(2). https://doi.org/10.3390/resources8020090
Sancaya, I. W. W., & Saputra, K. A. K. (2024). VillageWaste Management Strategy as an Economic Asset: Accounting Evaluation and Implementation of Sustainable Practices in Bongkasa Village, Abiansemal District, Badung Regency. Community Service: Sustainability Development, 1(3), 83–89. https://doi.org/10.61857/cssdev.v1i3.62
Saputra, K. A. K., Atmadja, A. T., Koswara, M. K., & Tama, G. M. (2021). Examining the Role of Village Funds in Village Sustainable Development Goals (SDGs). South East Asia Journal of Contemporary Business, Economics and Law, 24(6), 45–51.
Saputra, K. A. K., Manurung, D. T. H., Rachmawati, L., Siskawati, E., & Genta, F. K. (2021). Combining the Concept of Green Accounting with the Regulation of Prohibition of Disposable Plastic Use. International Journal of Energy Economics and Policy, 11(4), 84–90. https://doi.org/10.32479/ijeep.10087
Saputra, K. A. K., & Paranoan, S. (2024). Do Cyber security, Digitalisation and Data Visualisation Affect the Quality of Internal Environmental Audits? Australasian Accounting, Business and Finance Journal, 18(2), 158–174. https://doi.org/10.14453/aabfj.v18i2.10
Saputra, K. A. K., Putri, P. Y. A., & Laksmi, P. A. S. (2024). How Do Accounting Students Respond to Integrated Learning in Sustainability Accounting? Jurnal Akuntansi Manado (JAIM), 5(1), 172–189. https://doi.org/10.53682/jaim.vi.8979
Saputra, K. A. K., Subroto, B., Rahman, A. F., & Saraswati, E. (2023). Mediation Role of Environmental Management Accounting on the Effect of Green Competitive Advantage on Sustainable Performance. Journal of Sustainability Science and Management, 18(2), 103–115. https://doi.org/10.46754/jssm.2023.02.008
Velenturf, A. P. M., & Purnell, P. (2021). Principles for a Sustainable Circular Economy. Sustainable Production and Consumption, 27, 1437–1457. https://doi.org/10.1016/j.spc.2021.02.018
Yang, M., Chen, L., Wang, J., Msigwa, G., Osman, A. I., Fawzy, S., Rooney, D. W., & Yap, P. S. (2023). Circular Economy Strategies for Combating Climate Change and Other Environmental Issues. Environmental Chemistry Letters, 21(1), 55–80. https://doi.org/10.1007/s10311-022-01499-6
Zubaidi, A. K. M. (2024). The Peruvian Government’s Strategy Against Wildlife Trafficking: From Intelligence Operations to Strict Law Enforcement. Loka: Journal of Environmental Sciences, 1(4), 146-155. https://doi.org/10.38142/ljes.v1i4.209
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Ni Ketut Suarma DEWI, Pande Kadek Nova Dwi MAHARANI, Ni Putu Ayu Ratna ANGGRENI, Ni Luh Lestari PIRAYANTI
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Creative Commons Attribution-NonCommercial 4.0 International License.
