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21 May 2009
ACCA is calling on corporates to not only account for their carbon emissions but their water usage too in a report released this week 'Water: the next carbon?'
The institute hopes to encourage accountancy practices and the finance function in businesses to incorporate water risks and usage in its company reporting.
The global accountancy institute issues the report after a recent conference with World Wildlife Fund UK which saw the two bodies sign a memorandum of understanding with the goal of assessing the current UK water accounting and reporting processes.
Vicky McAllister, sustainability advisor at ACCA said: 'UK businesses should be addressing and reporting on the importance of water resources and management.'
Andy Wales head of sustainability at brewers SABMiller who spoke at the event also contributed to the report which summarises topics such as water as a key business risk, mainstream investor interest in water and public-private partnerships.
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