PracticePeople In PracticeICAEW urges accountants to go green

ICAEW urges accountants to go green

The ICAEW has issued a rallying call for accountants to help save the planet with the publication of a major new report.

Link: Auditors welcome OFR delay

The document, Sustainability: the role of accountants, found that the profession has the potential to be a major player in the drive for greater sustainability.

The new statutory operating and financial review (OFR), tradable permits and the preparation and monitoring of purchasing policies are cited as key areas for accountants to contribute.

But an accompanying survey produced worrying evidence that the profession at large has failed to engage in the area, with just 3.5% of 140 firms questioned saying they have specialist knowledge in sustainable development, environmental or social issues.

Paul Druckman, president of the institute, said: ‘Chartered accountants have a long history of responding to new market opportunities and shifts in public expectations.’

‘I personally think the profession should take a lead on sustainability because it is in the public interest. But even from a hard-headed business perspective, this is an area of work into which accountants can and should diversify because governments and consumers will increasingly demand sustainable corporate behaviour.’

The report was given only a luke-warm welcome by environmentalists, who expressed frustration at the institute’s recent efforts to delay the OFR.

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

4m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

4m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

4m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

8m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

8m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

4m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

6m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

8m Emma Smith, Managing Editor