The Effect of Applying Green Financial Accounting Standards on Reducing Environmental Risks in Institutions

Cement manufacturing is one of the heavier polluters in Iraq's industrial landscape, which made the Kufa Cement Plant a natural candidate for this investigation. The study asks whether formally adopting green financial accounting standards translates into measurable reductions in environmental risk at the facility. Questionnaire data were collected from 120 randomly drawn employees spanning the plant's administrative, accounting, and environmental functions, then analyzed using Pearson correlation and linear regression. Responses indicated a positive, statistically meaningful link between green accounting adoption and lower environmental risk, with the strongest signals appearing in waste management, energy rationalization, and regulatory compliance. The paper closes with a call for management to prioritize environmental information systems and invest in staff competencies in environmental accounting—preconditions, in the author's assessment, for durable progress across Iraq's industrial sector.