Green accounting and reporting in Bangladesh's pharmaceutical and textile industries: A holistic perspective

• Published in: PloS one 2024-09, Vol.19 (9), p.e0310236
• Main Authors: Rahaman, Mohammad Mizenur, Akter, Shamima, Hossain, Md Alamgir, Chowdhury, Adiba Rahman Bushra, Wu, Renhong
• Format: Article
• Language: English
• Subjects: Accounting and auditing; Annual reports; Bangladesh; Climate change; Company publications; Comparative analysis; Computer and Information Sciences; Content analysis; Disclosure; Drug Industry; Ecology and Environmental Sciences; Efficiency; Effluents; Emissions; Energy consumption; Environmental accounting; Environmental aspects; Environmental auditing; Environmental economics; Environmental factors; Environmental indicators; Environmental management; Environmental performance; GDP; Greenhouse gases; Gross Domestic Product; Humans; Information processing; Job performance; Manufacturing; Medicine and Health Sciences; Metronidazole; Natural resources; People and Places; Pharmaceutical industry; Pharmaceuticals; Productivity; Social Sciences; Stakeholders; Stock exchanges; Stock-exchange; Sustainable development; Textile Industry; Textiles; Water pollution; Water treatment
• ISSN: 1932-6203; 1932-6203
• DOI: 10.1371/journal.pone.0310236

This study examined the factors influencing green accounting and reporting practices (GARPs) in Bangladesh's pharmaceutical and textile industries. Hence, it draws upon disclosure theory to disclose relevant information in the context of environmental accounting and encourages them to boost their environmental performance. It utilized content analysis from 13 pharmaceuticals and 22 textiles data from Dhaka stock exchange (DSE) listed companies of Bangladesh and applied quantitative methods for comparative analysis. The findings showed that GARPs are influenced by firm characteristics and external factors rather than organizational performance, and eleven environmental indicators (separately) have a lower mean of less than 0.50 in both industries. Firms' general characteristics (FFGC) are noteworthy factors that exhibit a negative coefficient for both the pharmaceutical and textile sectors but hold a robust impact on the GARPs, with P = 0.007 and 0.003, respectively. The statistical significance of environmental factors (EFs) applies to the textile sector p = 0.000. Implementing GARPs in the pharmaceutical industry proved more effective than in the textile sector, offering valuable support to managers in expediting environmental practices in Bangladesh's textile industry.