Promoting environmental sustainability through environmental management accounting practices the mediating role of stakeholder engagement

Abstract

This study investigated the relationship between Environmental Management Accounting Practices (EMAP) and Environmental Sustainability while examining the mediating effects of Stakeholder Engagement. The study employed a quantitative research methodology, utilizing a structured questionnaire to collect data from a sample of 119 respondents from various SMEs. After analysing the data using SMART PLS 4, the study reveals that EMAP positively influences environmental sustainability, indicating that organizations implementing effective environmental management accounting practices are more likely to achieve higher levels of environmental sustainability. Moreover, the results demonstrate that Stakeholder Engagement mediate the relationship between EMAP and environmental sustainability. The study recommends that organizations aiming to enhance their environmental performance by implementing effective EMAP strategies and considering the mediating factor of stakeholder engagement. Additionally, the study indicates the need for further research to explore additional variables, extend the analysis to different contexts, and assess the long-term effects of EMAP on environmental sustainability.