The Association Between Environmental Strategies and Sustainability Performance in the Context of Environmental Management Accounting

Abstract

The study aims to explain the relationship between environmental strategies and sustainability performance in the context of sustainability accounting. The research addresses why and how environmental strategies affect sustainability performance through accounting information focusing on environmental priorities and modeling the transformation process. The hypotheses were tested using the partial least squares method and additional analyzes were used for further details. The findings show that environmental strategies have a positive relationship with sustainability performance and that the proposed transformation model has sufficient goodness fit statistics. It has been found that the positive impact of strategies on sustainable development is increased through the data generated by the environmental accounting system. This study demonstrates that environmental strategies are associated with sustainability performance, which is necessary for the improvement of corporate performance. In addition, the study shows significant impacts on management processes by demonstrating the necessity and potential of environmental accounting to improve sustainable development.