RegulationAccounting StandardsACCA and CIPFA join forces to combat carbon

ACCA and CIPFA join forces to combat carbon

Accountancy institutes combine knowledge to help accountants in the public sector struggling with upcoming environmental legislation

Accountancy institutes are banding together to bring clarity to the growing
complexity of financial reporting for the Carbon Reduction Commitment.

ACCA and CIPFA are joining forces to hold an event for accountants in the
public sector on how they produce financial statements, the importance of the
incoming CRC legislation, and will answer questions on how it can be reported
on.

The CRC will mandate carbon emission reporting for both public and large
private companies. They will have to begin measuring emission from April 2010
and will pay for predicted emissions in April 2011. The Environment Agency will
monitor and oversee the CRC and will construct a league table on how good or bad
a company is at reducing its emissions.

Gillian Fawcett, head of public sector at ACCA, said: “The aim of this joint
event is to encourage discussion about any possible difficulties and worries the
public sector might have in the run up to actual implementation of the CRC.”

John Maddocks, manager for sustainability and the third sector at CIPFA,
said: “The CRC scheme is a key part of measures aimed at reducing greenhouse gas
emissions to just 20 per cent of 1990 levels by 2050. This is a considerable
challenge for both public and private sectors.”

The seminar will include speakers from the Carbon Trust, the Department of
Energy and Climate Change, KPMG and technology company IBM.

The seminar will be held on 19 November in London.

Further reading:

ACCA
& CIPFA

Institute advises on green reporting in annual
statements

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