Green accounting ‘to protect nature’s bank’

Green accounting 'to protect nature's bank'

Green accounts would protect Mother Nature's bank and support economic growth, according to Defra

GREEN ACCOUNTS may be produced by the Department for Environment, Food and Rural Affairs in order to show annual usage of natural resources, Public Finance reports.

The idea stems from a Defra white paper entitled The natural choice: securing the value of nature, which proposes the accounts would be used to show green growth alongside economic growth, saying the two are “mutually compatible”.

Environment secretary Caroline Spelman said: “We need to recognise that, if we withdraw something from Mother Nature’s bank, we’ve got to put something back in to ensure that the environment has a healthy balance and a secure future.”

CIPFA assistant director for policy Tom Lewis welcomed the move. He said: “It represents an important development in sustainability reporting at above-organisational level.”

 

Share

Subscribe to get your daily business insights

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata
Professional Services

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

3y

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

3y

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021
Making Tax Digital

Digital Links: A guide to MTD in 2021

3y

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource