In recent years, the concept of sustainability has gained significant traction across the corporate landscape. Companies are increasingly recognizing the importance of integrating environmental, social, and governance (ESG) factors into their accounting practices to create long-term value while considering the impact on the planet and society. This research paper examines the role of ESG accounting in enhancing sustainable practices, the challenges faced in implementing such accounting systems, and the potential benefits it brings to businesses, investors, and society as a whole. The paper delves into the reasons behind the rising interest in ESG practices, its impact on businesses and investors, and the challenges faced in its implementation.

Keywords: Corporate Landscape, ESG, Sustainable Practices, Accounting Systems.