PwC & Puma produce first global environmental P&L account
PwC and Trucost help Puma represent their green strategy in acocunts
PUMA HAS UNVEILED the first global environmental profit and loss account, with the help of PwC and analysts Trucost. It is the first time water usage and carbon emissions have been monetised.
The sportswear retailer values both commodities for 2010 to be in the region of €94.4m (£81.9m).
Trucost worked on collating the data with PwC organising and reporting the findings as well as valuing the commodities.
The Puma board was hoping to complete the environmental P&L alongside its annual report however, it missed the deadline and has released the information as a standalone statement.
In future the annual report will contain the environmental information as part of its financial statements.
Auditors PwC will also audit the environmental information and financial data.
PwC said at a press briefing it has already received calls from several large companies including major drinks manufacturers, to help them produce an environmental P&L account.