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Issues related to green industry and environmental accounting are urgent to be formulated by the government. The concept of environmental accounting for companies encourages the ability to minimize environmental problems. Environmental accounting will produce a quantitative assessment of the costs and impacts of environmental protection. The purpose of this study is to describe the extent of disclosure of carbon emissions and to describe the legal regulations in Indonesia which regulate environmental disclosure. This study also examined the effect of the Environmental Performance Awards on the quality of environmental disclosure. The samples in this study are 35 companies engaged in mining, energy, chemistry, pharmaceuticals, cosmetics, food and beverages that are listed on the Stock Exchange in 2012-2016. The data analysis method used is Structural Equation Modeling (SEM) with a Smart PLS 3.0 analysis tool. The result reveals that the practice of environmental disclosure at high profile companies on the Indonesia Stock Exchange is still low. This shows that the companys management awareness of environmental disclosure does not comply the Decree of the Chairperson of the Capital Market and Financial Institution Supervisory Agency Number: KEP-431 / BL / 2012 concerning Submission of the Annual Report. The results showed that the Environmental Performance Awards variable had a significant positive effect on the quality of environmental disclosure.