IoT and Green Accounting are a Necessity

Abstract

The food and beverage industry face major challenges in waste management, requiring sustainable strategies to reduce waste and improve environmental and economic outcomes. The Internet of Things (IoT) has the potential to revolutionize waste management practices in the food and beverage industry. By integrating IoT devices, industries can improve traceability, reduce inefficiencies, and contribute to more sustainable production and distribution processes. The results of this research explain the differences between small and medium scale and medium and large-scale food and beverage industries implementing green accounting as well as strategies that can be used using IoT to address these differences. Mann Whitney analysis was carried out on five dimensions, namely Attention to the Environment, Environmental Responsibility dimension, Environmental Accounting Reporting dimension, Environmental Audit dimension, and Green Marketing dimension, to see whether there are differences in the implementation of Green Accounting in small-medium industries and medium-sized industries. big. This test is the most powerful test among nonparametric tests. Samples were taken from 126 MSMEs in the F&B industry and a systematic literature review, analyzing various sources to explore the development of IoT when used in realizing green accounting. The test results state that if we look at the Attention to the Environment dimension and the Environmental Responsibility dimension, there is no mean difference in the implementation of Green Accounting in small-medium industries and medium-large industries. Meanwhile, if we look at the Environmental Accounting Reporting dimension, the Environmental Audit Reporting dimension and the Green Marketing dimension, there are mean differences in the implementation of Green Accounting in small-medium industries and medium-large industries. Our findings show that there are still differences in the implementation of green accounting between all levels of industry, it is necessary to look for various potential technology-based solutions to overcome these problems that are related to the environment and have practical consequences for policy makers, industry players and environmental advocates. Our research offers practical insights into how the use of Internet of Things (IoT) can help companies achieve the goal of significantly reducing environmental costs and waste, as more businesses place a higher priority on sustainability.