Globally, the environment is evolving into a far more critical economic, social, and political issue. The environment has emerged as one of the most important facets of social responsibility. Since corporate environmental externalities have grown at an alarming rate, it is imperative to implement efficient environmental protection measures. As a result, a large number of associations and organizations recognised the urgency of the situation and began to promote and preserve this cause. Today, environmental awareness and the need for accounting for it are expanding at a dangerous rate. An innovative and brand-new subfield of accounting called environmental accounting was created as a result of the concern for environmental responsibility and the development of a sustainable industrial economy. Clarifying the environmental effects brought on by the procurement and processing of materials, manufacture, sales, distribution, usage, maintenance, and disposal can help environmental accounting more precisely determine genuine costs. It can assist businesses and organizations in creating cutting-edge solutions to modify resource use, get rid of resource limitations, satisfy regulatory standards, and avert ecological problems. Green accounting, often known as environmental accounting, is a relatively young but rapidly expanding field of study that tries to account for the sustainability of the environment. The field of environmental accounting is currently emerging in India. Even while Indian businesses abide by the laws and rules pertaining to environmental preservation, no clear-cut policies have yet been established at the national, state, or even company levels to guarantee the degree of compliance with environmental standards. The goal of the current study is to provide a general review of environmental accounting and reporting in India. The report also seeks to pinpoint several environmental accounting practices in India's shortfalls and offer fixes. The study also concentrates on the key environmental criteria that Indian corporations reported as part of their environmental reporting procedure.

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Keywords: Environmental Accounting, Green Accounting.