Green Accounting is a holistic branch of accounting which considers environmental costs in the financial results of the operations.  The main objective of green accounting is to assist businesses to understand environmental goals are as important as financial goals. Green accounting is a controversial subject. Depletion might get accounted but pollution is one factor of business that is not accounted specifically. Green accounting has become necessary for corporations to formulate methods of green causes for present and future. This will also help in deciding pollution limits, permitted emissions, maximum permissible use of non-renewable resources and dependency on renewable resources. For the progress of organizations’ performance as environmental, implementation of green accounting system is important. It plays a big role in Corporate Social Responsibility (CSR). The research paper concentrates on the concept of green accounting and its importance.

KEYWORDS:  Green Accounting, Environmental Goals, CSR.