Global Accounting Groups Commit to Sustainability Practices

July 6, 2009

Email this story Print this post Add your comments

The Prince of Wales’ Accounting for Sustainability Forum has announced that its 16 global accounting body members have signed the Forum’s five sustainability principles. The forum claims this is the first time that a global group of accounting bodies has committed to a set of sustainability principles. The signatories include the American Institute of Certified Public Accountants.

The forum’s principles promote “connected reporting” — reporting that connects an organization’s sustainability impacts with its financial performance more clearly and consistently — and commits participants to collaborative research and training in this area.

By signing the sustainability principles, participants acknowledge the role that accounting for sustainability must play in providing decision makers with the information they need, but also educating tomorrow’s accountants to embed sustainability throughout the profession, said the forum.

The five principles of the Accounting for Sustainability Forum are to: influence and inform, lead by example, drive thought leadership, collaborate through the Forum, and incorporate accounting for sustainability within training and professional education.

The accounting bodies who have signed the Accounting for Sustainability Forum’s Principles are:

American Institute of Certified Public Accountants (AICPA)
Association of Chartered Certified Accountants (ACCA)
Chartered Accountants of Canada (CICA)
Chartered Institute of Management Accountants (CIMA)
Chartered Institute of Public Finance and Accountancy (CIPFA)
Consultative Committee of Accountancy Bodies (CCAB)
Global Accounting Alliance (GAA)
Hong Kong Institute of Certified Public Accountants (HKICPA)
Institut der Wirtschaftsprüfer in Deutschland (IDW Germany)
Institute of Chartered Accountants in Australia (ICAA)
Institute of Chartered Accountants in England and Wales (ICAEW)
Institute of Chartered Accountants in Ireland (ICAI)
Institute of Chartered Accountants of Scotland (ICAS)
Japanese Institute of Certified Public Accountants (JICPA)
New Zealand Institute of Chartered Accountants (NZICA)
South African Institute of Chartered Accountants (SAICA)

Email this story Print this post Add your comments

Advertisers

Stay competitive through sustainability.

Find out how at the SAP Sustainability Resource Center. >>

Unclear about the EPA's new GHG Rule?

Learn how it could affect your business. >>

EPA mandatory emissions reporting starts Jan 1st

CSA Standards can help your organization get ready for compliance. Find out how. >>

Survey Results: Product Environmental Compliance Best Practices

How to achieve compliance at a significantly lower cost. Download the full report. >>

Join the Discussion

Reader Comments

This is a great step toward what needs to happen throughout the world: the environmental and social costs associated with business must be accounted for on an organization’s spreadsheets. What is measured matters and the sooner businesses take all the associated costs of making their products and providing their services into account, the faster we can transition into a truly sustainable economy.

Matt Courtland | July 7th, 2009

This is great news, a step in the right direction.

Accountants | July 10th, 2009

Recent Daily News [ see all ]

11/20/2009
11/19/2009
11/18/2009

Charts [ see all ]

European Paper Industry Cuts CO2 Emissions by 42% since 1990

S. America Takes Most Urgent View of Copenhagen Talks

Nike Tops Annual Climate Action Scores

Oceans May Trap more Carbon than Forests

Jobs

View All Jobs >> Post a Job >>

Comments and Discussions

Environmental Leader on S. America Takes Most Urgent View of Copenhagen Talks
"The survey respondents (the PDF report mentions 4,000 respondents in 38..."

Jake on UPS Trying New Hydraulic Hybrid Trucks
"A point of clarification: the Reuters press release referenced herein reports that 20 UPS will purchase..."

Custom Organic Shirts on S. America Takes Most Urgent View of Copenhagen Talks
"90% of North Americans believe it is urgent to get a global climate..."

peter dublin on California City’s Green Building Ordinance Applies to Commercial Buildings
"Why energy efficiebnt regulation on buildings –..."

JEONG CHUN PHUOC on EU Poised to Give Heavy Industry Free Carbon Permits
"“Competitive Intelligence in Environmenting : A Holistic Deal for..."

Philip Vandenberg on Building an Energy-Efficient Data Center Using Virtualization Technology
"Rob has implemented many best practices for data centres..."

George Hoguet on Rising Sea Levels Would Hit U.S. East Coast Hardest
"Want to add some pressure into the system? Check out the Facebook group -NO TV..."

Environmental Leader