The Impact of Green Accounting on Enhancing the Level of Sustainable Performance: An Applied Study in the Iraqi Industrial Oil Company

This research aims to demonstrate the impact of the concept and practices of green accounting on improving the level of sustainable performance in industrial companies in general, and particularly in the General Company for Food Industries / Vegetable Oils. To achieve the objective of the study, the analytical–applied methodology based on quantitative data was adopted to measure and analyze the relationship between accounting disclosure and measurement of environmental costs and the three dimensions of sustainable performance (environmental, social, and economic). Each dimension was measured and disclosed through a set of indicators in accordance with the Triple Bottom Line (TBL) model By analyzing the ratio of environmental costs to total operating costs, it was found that the expenditures on environmental activities were very low, while the costs allocated to investment in environmental assets were relatively good. The findings revealed a positive impact of the low environmental costs ratio, which led to an improvement in environmental performance and a moderate relative improvement in economic performance, along with a negative impact on social performance.The research recommends the integration of green accounting systems within the traditional accounting framework by establishing a general structure that identifies all activities with environmental implications and specifies methods for their measurement, as well as distinguishing environmental costs and benefits from other operating costs. Furthermore, it emphasizes the necessity of adopting sustainability reporting initiatives due to their crucial role in supporting sound decision-making and achieving economic, environmental, and social objectives.