| 2. INTEGRATED ACCOUNTING APPROACHES FOR ADDRESSING ENVIRONMENTAL COSTS AND PROMOTING CORPORATE SUSTAINABILITY | 
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| Author(s): Abbas Jumaah Al - Waeli |
| DOI: 10.4316/EJAFB.2026.14201 |
| Abstract: In this study we investigate the integration of environmental accounting practices in Iraqi industrial companies and the quantitative impact on corporate sustainability and investor attraction. In general, data were obtained from 20 companies listed on the Iraqi Stock Exchange, focusing on environmental costs and their correlation with sustainability metrics. Based on the regression and correlation analysis using a quantitative approach, we found that these practices have a limited influence on sustainability outcomes, with the low R-squared of 0.016 signifying that only 1.6% of the variation in sustainability metrics could be attributed to environmental accounting practices. Moreover, the correlation analysis showed weak relationships between environmental accounting and investor attraction. Descriptive statistics showed moderate variability in awareness and adoption, where average scores were about 3.00 on a Likert scale. However, some obstacles, including inadequate training, weak regulatory support, and limited technological resources, were reported as major obstacles to successful implementation. Therefore, despite the fact that environmental accounting practices have the potential to enhance sustainability and investor confidence, the current implementation in Iraqi companies remains insufficient. A policy from this perspective might align Iraq's industrial sector with global sustainability standards so as to increase transparency, market value, and enhance environmental stewardship. | | Keywords: Environmental Accounting; Corporate Sustainability; Integrated Accounting; Environmental Costs; Iraqi Companies And Oil & Gas Industry. |
