The Prince of Wales has accepted an invitation to become the first honorary member of the ICAEW .

Prince Charles was nominated for his efforts in pushing the profession to embrace sustainability issues, through his work on the Accounting for Sustainability project.

In the institute's annual lunch, president Richard Dyson said it was the institute's way of thanking him for the contribution and also his work for business over the years.

Dyson said: 'He recognised that we could have a great deal to offer and I believe the ICAEW has risen to that challenge through its work on sustainability and measurement. I’m delighted that he has accepted honorary membership.'

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