Circular Economy Approach in Organic Waste Processing as an Effort to Implementation of Green Accounting

Authors

  • Theresa Delania Assan Fakultas Ekonomi dan Bisnis, Universitas Warmadewa
  • Patricia Penaten Ola Ryantobi Fakultas Ekonomi dan Bisnis, Universitas Warmadewa
  • Matilda Florence Dura Fakultas Ekonomi dan Bisnis, Universitas Warmadewa
  • Maria Gaudensia Uba Beda Fakultas Ekonomi dan Bisnis, Universitas Warmadewa
  • Jesika Kristiani Rumbu Emu Fakultas Ekonomi dan Bisnis, Universitas Warmadewa

DOI:

https://doi.org/10.22225/wicaksana.9.1.2025.11-18

Keywords:

circular economy, environment, green accounting, organic waste, waste management

Abstract

Application of circular economy and green accounting in organic waste management in Tegalalang Village, Gianyar, Bali. With the increasing amount of waste due to population growth and tourism, this village faces significant challenges in waste management, especially organic waste. The application of circular economy principles through the separation, processing, and utilization of organic waste into compost and biogas has succeeded in reducing the volume of waste and creating new economic value. In addition, green accounting is integrated to measure environmental impacts, record costs, and benefits, and increase transparency in resource management. The results of the study show that the combination of circular economy and green accounting not only increases public awareness of sustainability but also strengthens the competitiveness of local products and supports sustainable agriculture. Thus, Tegalalang Village becomes a model for the implementation of sustainable waste management practices in Indonesia.

References

Ardini, L., & Fahlevi, M. (2024). Circular economy from an environmental accounting perspective: Strengthening firm performance through green supply chain management and import regulation in Indonesia’s plastic recycling industry. Uncertain Supply Chain Management, 12(3), 1633–1646. https://doi.org/10.5267/j.uscm.2024.3.017

Arruda, E. H., Melatto, R. A. P. B., Levy, W., & Conti, D. de M. (2021). Circular economy: A brief literature review (2015–2020). Sustainable Operations and Computers, 2(May), 79–86. https://doi.org/10.1016/j.susoc.2021.05.001

Atmadja, A. T., Adi, K., Saputra, K., Manurung, D. T. H., & Wulandari, R. (2021). Factors That Influence Financial Management: A Case Study in Indonesia. Journal of Asian Finance, Economics and Business, 8(6), 1203–1211. https://doi.org/10.13106/jafeb.2021.vol8.no6.1203

Atmadja, A. T., Adi Kurniawan Saputra, K., & Manurung, D. T. H. (2019). Proactive Fraud Audit , Whistleblowing and Cultural Implementation of Tri Hita Karana for Fraud Prevention. European Research Studies Journal, XXII(3), 201–214.

Awasthi, A. K., & Li, J. (2017). An overview of the potential of eco-friendly hybrid strategy for metal recycling from WEEE. Resources, Conservation and Recycling, 126(November 2016), 228–239. https://doi.org/10.1016/j.resconrec.2017.07.014

Belaud, J. P., Prioux, N., Vialle, C., & Sablayrolles, C. (2019). Big data for agri-food 4.0: Application to sustainability management for by-products supply chain. Computers in Industry, 111, 41–50. https://doi.org/10.1016/j.compind.2019.06.006

Diaz-Gil, N. D. (2024). Social accounting and its effect on the corporate business model. Aibi, Revista de Investigacion Administracion e Ingenierias, 12(2), 166–179. https://doi.org/10.15649/2346030X.3224

Hellmeister, A., & Richins, H. (2019). Green to gold: Beneficial impacts of sustainability certification and practice on tour enterprise performance. Sustainability (Switzerland), 11(3), 1–17. https://doi.org/10.3390/su11030709

Homayoun, S., Mashayekhi, B., Jahangard, A., Samavat, M., & Rezaee, Z. (2023). The Controversial Link between CSR and Financial Performance: The Mediating Role of Green Innovation. Sustainability (Switzerland), 15(13). https://doi.org/10.3390/su151310650

Ivancsone Horvath, Z., Kupi, M., & Happ, E. (2023). the Role of Tourism Management for Sustainable Tourism Development in Nature Reserves in Hungary. Geojournal of Tourism and Geosites , 49(3), 893–900. https://doi.org/10.30892/gtg.49306-1090

Khan, P. A., Johl, S. K., & Akhtar, S. (2021). Firm Sustainable Development Goals and Firm Financial Performance through the Lens of Green Innovation Practices and Reporting: A Proactive Approach. Journal of Risk and Financial Management, 14(12). https://doi.org/10.3390/jrfm14120605

Khan, S., & Haleem, A. (2021). Investigation of circular economy practices in the context of emerging economies: a CoCoSo approach. International Journal of Sustainable Engineering, 14(3), 357–367. https://doi.org/10.1080/19397038.2020.1871442

Lanzutti, A., & Marin, E. (2024). The Challenges and Advances in Recycling/Re-Using Powder for Metal 3D Printing: A Comprehensive Review. Metals, 14(8), 1–41. https://doi.org/10.3390/met14080886

Marsh, A. T. M., Velenturf, A. P. M., & Bernal, S. A. (2022). Circular Economy strategies for concrete: implementation and integration. Journal of Cleaner Production, 362(October 2021), 132486. https://doi.org/10.1016/j.jclepro.2022.132486

Omune, B., Kambona, O., Wadongo, B., & Wekesa, A. (2021). Environmental management practices implemented by the hotel sector in Kenya. World Leisure Journal, 63(1), 98–108. https://doi.org/10.1080/16078055.2021.1888001

Pender, K., Romoli, F., & Fuller, J. (2024). Lifecycle Assessment of Strategies for Decarbonising Wind Blade Recycling toward Net Zero 2050. Energies , 17(12). https://doi.org/10.3390/en17123008

Purnomo, E. P., Fathani, A. T., Kasiwi, A. N., & Tenorio, C. B. (2022). How Does Government Policy Support Sustainable Tourism in Dealing With Covid-19 Pandemic? Journal of Sustainability Science and Management, 17(2), 170–186. https://doi.org/10.46754/jssm.2022.02.013

Qorri, A., Mujkic, Z., & Kraslawski, A. (2018). A conceptual framework for measuring sustainability performance of supply chains. Journal of Cleaner Production, 189, 570–584. https://doi.org/10.1016/j.jclepro.2018.04.073

Ramirez-Agudelo, N. A., de Pablo, J., & Roca, E. (2021). Exploring alternative practices in urban water management through the lens of circular economy–A case study in the Barcelona metropolitan area. Journal of Cleaner Production, 329(November), 129565. https://doi.org/10.1016/j.jclepro.2021.129565

Saputra, K. A. K., & Laksmi, P. A. S. (2024). The Influence of Green Governance, Implementation of Energy Accounting, and Green Human Resource Management on Sustainability Performance: An Empirical Study in the Hospitality Industry in Bali. JIA (Jurnal Ilmiah Akuntansi), 9(1).

Saputra, K. A. K., Manurung, D. T. H., Rachmawati, L., Siskawati, E., & Genta, F. K. (2021). Combining the concept of green accounting with the regulation of prohibition of disposable plastic use. International Journal of Energy Economics and Policy, 11(4), 84–90. https://doi.org/10.32479/ijeep.10087

Saputra, K. A. K., & Paranoan, S. (2024). Do Cyber security, Digitalisation and Data Visualisation Affect the Quality of Internal Environmental Audits? Australasian Accounting, Business and Finance Journal, 18(2), 158–174. https://doi.org/10.14453/aabfj.v18i2.10

Saputra, K. A. K., Putri, P. Y. A., & Laksmi, P. A. S. (2024). How Do Accounting Students Respond to Integrated Learning In Sustainability Accounting? Jurnal Akuntansi Manado (JAIM), 5(1), 172–189. https://doi.org/10.53682/jaim.vi.8979

Saputra, K. A. K., Sara, I. M., Jayawarsa, A. A. K., & Pratama, I. G. S. (2019). Management of Village Original Income in The Perspective of Rural Economic Development. International Journal of Advances in Social and Economics, 1(2), 52–59. https://doi.org/10.33122/ijase.v1i2.40

Saputra, K. A. K., Subroto, B., Rahman, A. F., & Saraswati, E. (2023). Mediation Role of Environmental Management Accounting on the Effect of Green Competitive Advantage on Sustainable Performance. Journal of Sustainability Science and Management, 18(2), 103–115. https://doi.org/10.46754/jssm.2023.02.008

Schindler, S., & Demaria, F. (2020). “Garbage is Gold”: Waste-based Commodity Frontiers, Modes of Valorization and Ecological Distribution Conflicts. Capitalism, Nature, Socialism, 31(4), 52–59. https://doi.org/10.1080/10455752.2019.1694553

Seo, H. S., & Kim, Y. (2020). Intangible assets investment and firms performance: Evidence from small and medium-sized enterprises in Korea. Journal of Business Economics and Management, 21(2), 423–445. https://doi.org/10.3846/jbem.2020.12022

Downloads

Published

2025-03-05

Issue

Section

Articles