Digital Water Accounting for Value Creation, Transforming Water Data into Strategic Sustainability Assets
DOI:
https://doi.org/10.35145/icobima.v3i1.5082Keywords:
Digital Water Accounting, Value Creation, Sustainability, Strategic Sustainability AssetAbstract
This paper offers a novel contribution by positioning digital water accounting as a value creation mechanism across multiple dimensions, economic, environmental, and strategic. It examines not only the technologies enabling this shift but also how digital water insights unlock opportunities in the circular economy, mitigate risk, and foster stakeholder trust. Given the emerging nature of digital water accounting and its integration with sustainability strategies, a qualitative case study method is appropriate. This approach allows for an in-depth exploration of complex systems, real-world challenges, and the interplay between technology, data, and organizational value. This study demonstrates that Digital Water Accounting (DWA) is more than a technological upgrade to traditional water management, it is a strategic innovation that drives multidimensional value creation. By integrating digital tools such as IoT sensors, cloud computing, and analytics, DWA enables organizations to optimize water use, reduce costs, comply with regulations, improve ESG reporting, and unlock new opportunities in sustainability and circular economy practices. Future studies should incorporate larger datasets and econometric methods to quantify the financial and sustainability impacts of DWA systems.
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References
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Chandra, T., Renaldo, N., Chandra, S., & Ng, M. (2024). Blue Management Accounting: Water Footprint, Cost, Efficiency, and Internal Control at WKP Corporation Headquarters. Journal of Environmental Accounting and Management, 12(2), 185–200. https://doi.org/10.5890/JEAM.2024.06.006
Creswell, J. W., & Creswell, J. D. (2023). Research Design Qualitative, Quantitative, and Mixed Methods Approaches. SAGE.
Fransisca, L., Renaldo, N., Chandra, T., Augustine, Y., & Musa, S. (2025). Digital Innovation Capability and Customer Value Co-Creation on New Product Performance with Digital Transformation Maturity as a Moderating Variable in Trading Companies in Indonesia. Luxury: Landscape of Business Administration, 3(1), 1–15. https://doi.org/10.61230/luxury.v3i1.103
Michael, A. O., & Olayide, A. O. (2024). Leveraging Technology for Strategic Competitive Advantage. Tuijin Jishu / Journal of Propulsion Technology, 45(2), 5922–5935. https://fastercapital.com/startup-topic/Leveraging-Technology-for-Competitive-Advantage.html
Miller, T., Durlik, I., Kostecka, E., Kozlovska, P., ÅobodziÅ„ska, A., SokoÅ‚owska, S., & Nowy, A. (2025). Integrating Artificial Intelligence Agents with the Internet of Things for Enhanced Environmental Monitoring: Applications in Water Quality and Climate Data. In Electronics (Switzerland) (Vol. 14, Issue 4). Multidisciplinary Digital Publishing Institute (MDPI). https://doi.org/10.3390/electronics14040696
Mukhsin, M., Renaldo, N., Junaedi, A. T., Veronica, K., & Cecilia, C. (2023). Innovative Approaches to Cloud-Based Accounting Information Systems: Integrating AI, Blockchain, and IoT. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 288–294. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4375
Putra, R., Renaldo, N., Junaedi, A. T., Suhardjo, S., & Veronica, K. (2024). Digital Organizational Citizenship Behavior to Auditors’ Satisfaction and Performance. Nexus Synergy: A Business Perspective, 1(4), 227–235. https://doi.org/https://doi.org/10.61230/nexus.v1i4.83
Ramin, E., Faria, L., Gargalo, C. L., Ramin, P., Flores-Alsina, X., Andersen, M. M., & Gernaey, K. V. (2024). Water innovation in industrial symbiosis - A global review. Journal of Environmental Management, 349(119578), 1–16. https://doi.org/10.1016/j.jenvman.2023.119578
Renaldo, N. (2023). Digital Water Accounting: A Comprehensive Research Report. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 300–305. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4377
Renaldo, N., Fadrul, Andi, Sevendy, T., & Simatupang, H. (2022). The Role of Environmental Accounting in Improving Environmental Performance through CSR Disclosure. International Conference on Business Management and Accounting (ICOBIMA), 1(1), 17–23. https://doi.org/https://doi.org/10.35145/icobima.v1i1.2743
Renaldo, N., Fransisca, L., Junaedi, A. T., Tanjung, A. R., Chandra, T., Suharti, S., Andi, A., Suhardjo, S., Augustine, Y., & Musa, S. (2024). Real-time Value Creation Metrics in Manufacturing Through Blue Innovation and IoT-Based Accounting. International Conference on Business Management and Accounting, 3(1), 108–118. https://doi.org/10.35145/icobima.v3i1.4903
Renaldo, N., Junaedi, A. T., Suhardjo, S., Veronica, K., Augustine, Y., Musa, S., & Cecilia, C. (2024). Blue Innovation, Value Creation, and Decision-making on Digital Performance and Sustainability. Journal of Applied Business and Technology, 5(3), 202–219. https://doi.org/https://doi.org/10.35145/jabt.v5i3.189
Renaldo, N., Suhardjo, S., Sevendy, T., Mukhsin, M., & Hadi, S. (2024). A Comprehensive Review of Green Water Accounting. Interconnection: An Economic Perspective Horizon, 1(4), 242–249. https://doi.org/https://doi.org/10.61230/interconnection.v1i4.81
Renaldo, N., Susanti, W., Chandra, T., Jahrizal, J., Junaedi, A. T., Azim, F., Tendra, G., Ramdani, R., Veronica, K., & Ramadhani, R. (2024). The Use of Environmental Sensors on Optimizing Natural Resource Management with Technology Integration in Environmental Accounting Information Systems. Interconnection: An Economic Perspective Horizon, 2(2), 70–78. https://doi.org/10.61230/interconnection.v2i2.115
Sekaran, U., & Bougie, R. (2016). Research Method for Business A Skill-Building Approach Seventh Edition (Seventh Ed). John Wiley & Sons. https://doi.org/10.1007/978-94-007-0753-5_102084
Sudarno, Renaldo, N., Hutahuruk, M. B., Suhardjo, Suyono, Putri, I. Y., & Andi. (2022). Development of Green Trident Measurements to Improve Environmental Performance: Literature Study. International Journal of Advanced Multidisciplinary Research and Studies, 2(1), 53–57.
Suhardjo, S., Junaedi, A. T., Andi, A., Putri, N. Y., Renaldo, N., Musa, S., & Cecilia, C. (2024). Social Accounting in Sustainability Reporting for Digital Banking. Nexus Synergy: A Business Perspective, 2(1), 36–45. https://doi.org/https://doi.org/10.61230/nexus.v2i1.96
Suhardjo, S., Wati, Y., Renaldo, N., Musa, S., & Cecilia, C. (2024). Implementation of Digital Accounting on the Effectiveness of Corporate Social Responsibility and Environmental, Social, and Governance Reporting. Interconnection: An Economic Perspective Horizon, 2(1), 41–49. https://doi.org/https://doi.org/10.61230/interconnection.v2i1.90
Vuong, T. K., & Bui, H. M. (2023). The role of corporate social responsibility activities in employees’ perception of brand reputation and brand equity. In Case Studies in Chemical and Environmental …. Elsevier. https://www.sciencedirect.com/science/article/pii/S266601642300018X
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Published
2024-11-30
