BusinessCompany NewsACCA put’s water accounting on par with carbon

ACCA put's water accounting on par with carbon

Global institute ACCA warns companies that neglecting water management could cost as much as neglecting carbon reporting

ACCA is calling on corporates to not only account for their carbon emissions
but their water usage too in a report released this week ‘Water: the next
carbon?’

The institute hopes to encourage accountancy practices and the finance
function in businesses to incorporate water risks and usage in its company
reporting.

The global accountancy institute issues the report after a recent conference
with World Wildlife Fund UK which saw the two bodies sign a memorandum of
understanding with the goal of assessing the current UK water accounting and
reporting processes.

Vicky McAllister, sustainability advisor at ACCA said: ‘UK businesses should
be addressing and reporting on the importance of water resources and
management.’

Andy Wales head of sustainability at brewers SABMiller who spoke at the event
also contributed to the report which summarises topics such as water as a key
business risk, mainstream investor interest in water and public-private
partnerships.

Further reading:

AATV:
CSR and the recession

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