Main Article Content
Abstract
This study analyzes the influence of IFRS S1, green accounting, and environmental performance on the financial performance of industrial companies in Indonesian. Using panel data from 22 companies during 2022-2024 and the Fixed Effect Modal (FEM) regression method, the study found that IFRS S1 has a significant positive effect at the 10 % level, indicating that increased sustainability transparency is beginning to be appreciated by investors. Conversely, Green accounting has a significant negative effect because the internalization of environmental costs continues to depress short term profitability. Enviromental Performance (PROPER) has no significant effect, indicating that the benefits of environmental compliance have not yet been reflected in financial performance. However, all three variables simultaneously have a significant effect on financial performance, indicating that sustainability practices have a stronger impact when integrated comprehensively. These findings emphasize the importance of implementing sustainability standards and environmental management in strenghening companies sustainable financial performance.