Green Accounting, also known as environmental accounting or sustainable accounting, is a system of accounting that takes into account the economic, environmental, and social costs and benefits of business activities. It involves measuring and reporting the impacts of economic activities on natural resources and the environment, in addition to traditional financial measures.Green accounting is a crucial financial tool for reducing environmental costs. It is a necessary step towards sustainable building. It states that appropriate methods should be devised by business organisations to compensate society for environmental damage committed in the pursuit of profits. The environment is lagging behind in the race of economic progress. Human exploitation of natural resources has resulted in significant environmental issues, including pollution, climate change, global warming, ozone layer depletion and other natural disasters. The Social environment is an important part of PEST analysis. Green accounting explains how the corporate sector is harming the environment by its activities and how it can be reduced through timely decision-making. In long run, depletion of natural resources is harming the environment as well as long term availability of resources for generations to come whereas under GDP analysis these environmental factors are ignored. Therefore, maintaining a balance between economic development and environmental protection is critical at this time. The notion of green market and green entrepreneurship has also provided both opportunities and threats to business enterprises. Green Accounting considers the environmental cost of operations by identifying and assessing environmental liabilities while preparing financial statements. The purpose of this study is to look how the implementation of concept of environmental accounting will impact the business environment for the entrepreneurs.