Accounting measurement of spending allocated to green investments – a step to finance and support iraq’s 2030 vision for sustainability: an applied study in iraqi industrial companies

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Accounting measurement of spending allocated to green investments – a step to finance and support iraq’s 2030 vision for sustainability: an applied study in iraqi industrial companies

Abstract

The research aims to demonstrate the contribution of industrial companies in financing and supporting Iraq’s vision for sustainable development in 2030 through accounting measurement of green expenditures in which industrial companies invest and knowing how much these companies spend on social and environmental aspects related to achieving sustainable development goals. To achieve this, the researcher analyzed the published financial data of Iraqi industrial companies for the years (2015 – 2022) to identify and measure the elements of social spending related to in-kind benefits for workers and society and environmental expenditure on waste management and disposal to preserve the environment, which constitutes the dimensions of sustainability and adopted statistical analysis by the program (SPSS) to identify the level of influence and relationship between both social and environmental spending by Iraqi industrial companies on achieving sustainable development goals. The most significant finding of the research is the possibility of identifying and measuring the expenditures allocated by industrial companies to spend on social and environmental aspects and the fact that they have a significant impact and role in financing and supporting sustainable development goals in Iraq. The essential result recommended by the research is the need for Iraqi industrial companies to measure accounting for the vital elements that achieve sustainable development in a way that enhances the legitimacy of their business and their commitment to social responsibility towards the environment and society. Thus, it reflects the company’s reputation and enhances its influential role in financing and supporting Iraq’s sustainability vision.

Muthanna Journal of Administrative and Economic Sciences, 2024,Volume 14, Issue 1, Pages 55-66

DOI:10.52113/6/2024-14-1/55-66

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