Environmental Accounting Practices In Real Estate Companies: A Stakeholder Perspective

Abstract

Real estate growth provides economic benefits while generating ecological consequences through land modification, water management, drainage, green open spaces, and regional quality. This article aims to understand environmental accounting practices based on the perspectives of internal and external stakeholders. This study employs an interpretive qualitative approach using Alfred Schutz’s social phenomenology at PT Pattiarase Propertindo Putra through the Ville Park Barombong housing estate in Makassar. Data were gathered through interviews and observations involving management, consumers, local communities, government authorities, financing institutions, and academics. The analysis utilized noesis and noema alongside thematic analysis. The results indicate that environmental practices have been manifested through green open spaces, landscaping, parks, drainage, tap water (PDAM) utilization, sanitation, community facilities, and social activities. However, environmental costs have not been specifically segregated within the accounting system. Stakeholders attribute distinct meanings to these practices: costs and operations for financial management, product value for marketing, quality of life for consumers, shared benefits for the community, compliance for the government, risk indicators for financing institutions, and socio-ecological accountability for academics. The research synthesis asserts that environmental accounting practices constitute a form of social responsibility reflecting the moral responsibility of the company.Keywords: environmental accounting, stakeholder, real estate, social phenomenology, moral and social responsibility.