As environmental sustainability becomes a global priority, businesses are increasingly integrating ecological considerations into their financial frameworks through environmental accounting, or green accounting. This study examines the reliability of measurement scales used to assess green accounting practices and provides a comprehensive review of relevant literature, policies, and standards, particularly in the Indian corporate context. Using Principal Component Analysis (PCA), the research investigates the relationships between various environmental accounting practices, highlighting the roles of financial analysis, transparent reporting, and sustainable production in promoting effective environmental management. The findings emphasize the need for corporations to improve environmental financial disclosures and invest in green production methods to meet sustainability objectives. Moreover, the study identifies gaps in current practices, suggesting areas for further research to refine these techniques and enhance corporate accountability. This analysis offers practical insights for organizations looking to integrate sustainability into their core strategies, contributing to more responsible environmental stewardship. The study also holds significance for policymakers and scholars by presenting a framework that connects financial performance with sustainability, paving the way for more informed decision-making and stronger corporate governance aligned with environmental goals.