Abstract:

Sustainable development encompasses multiple aspects of human life and activity, including the field of accounting, which plays a crucial role in maintaining the financial stability of the economy and supporting entrepreneurship. Accounting systems generate information for diverse groups of stakeholders interested in sustainable development—that is, development aimed at harmonizing economic, social, and environmental objectives. Accounting as a tool for supporting sustainable development provides essential insights into an organization’s economic, environmental, and social activities. This article explores contemporary challenges in accounting and the emerging issues related to the sustainable development concept, with particular attention to its three pillars. The adoption of ESG principles in enterprises can yield tangible benefits for economic entities.