Impact of Green Accounting Technology Innovations on the Environment: A Study on Incepta Pharmaceuticals Limited

Abstract

The green accounting practices are a crucial topic for environmental issues in industries throughout the world. By implementing these green accounting practices, Incepta Pharmaceuticals Company gained the top position among pharmaceutical companies in Bangladesh. This company launched technologies such as AI-driven carbon tracking, blockchain-based sustainability reporting, and IoT-enabled resource monitoring. It shows the impact of these technologies on corporate financial environmental performance and financial efficiency. This paper represents how technological adaptation helps with carbon emissions reduction, proper utilization of resources, and overall cost savings. For this purpose, an Integrated Green Accounting Technology (IGAT) model has been used. It shows that AI-based carbon tracking reduces carbon emissions by 25%. IoT enhances energy savings by 20%, and blockchain secures transparency and also reduces operational cost by 15% and raises investment by 10%. It is found that when a company adopts green accounting technologies, both environmental factors and financial factors benefit. Bangladesh’s industrial sectors can highly rely on these green accounting technologies, as they lead to sustainable business practices. Policymakers are greatly influenced to adopt these practices, and they should be given the highest priority for increasing sustainability.