International Journal on Science and Technology

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A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Green Finance and Accounting: Accounting and Reporting of Environmentally Friendly Financial Products

Author(s) Mehmet Ali YÜZBAŞIOĞLU
Country Turkey
Abstract This paper delves deeply into the critical intersection of green finance and accounting, focusing on the intricate mechanisms for effective accounting and reporting of environmentally friendly financial products. As the pressing issues of climate change and environmental degradation continue to present significant global challenges, financial institutions are increasingly acknowledging the urgent necessity of integrating sustainability into their everyday practices. The study highlights the noteworthy emergence of green finance in direct response to these persistent issues, detailing various innovative financial products that have been specifically tailored to support a wide range of environmental initiatives, such as green bonds, sustainable investment funds, and eco-friendly loans designed to promote ecological sustainability. Additionally, it closely examines the essential accounting standards and comprehensive reporting frameworks that are crucial for ensuring transparency and accountability for these impactful products, including the vital roles played by regulatory bodies and international guidelines that govern these practices. By meticulously analyzing a variety of case studies and identifying best practices in the sector, this research aims to offer valuable insights into how effective accounting and thorough reporting can significantly enhance the credibility of green financial products, thereby stimulating greater investment in sustainability initiatives. Ultimately, this could lead to the promotion of a more sustainable and resilient economy capable of addressing the challenges of the future.
Keywords Green Finance, Green Accounting, Tax Evasion, Environmentally Friendly Financial Products
Field Business Administration
Published In Volume 15, Issue 4, October-December 2024
Published On 2024-12-04
Cite This Green Finance and Accounting: Accounting and Reporting of Environmentally Friendly Financial Products - Mehmet Ali YÜZBAŞIOĞLU - IJSAT Volume 15, Issue 4, October-December 2024. DOI 10.71097/IJSAT.v15.i4.1392
DOI https://doi.org/10.71097/IJSAT.v15.i4.1392
Short DOI https://doi.org/g8zb94

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