BusinessCompany NewsUS think tank wants ethical accounts

US think tank wants ethical accounts

A leading US environmental think tank has called for the global accounting system to include the true ecological cost of economic activity, backing similar initiatives in the UK.

Link: Green reports in the pipeline

Lester Brown, head of the Washington-based Earth Policy Institute told a press briefing in the US capital that ‘accounting systems that do not tell the truth can be costly’.

The veteran environmentalist said that once the true costs had been calculated they could be added through ‘shifting taxes from personal income to products such as petrol’.

Brown said it was key that the market told the ‘ecological truth’.

The UK white paper Modernising Company Law recommends that directors ‘include the company’s impact on the environment which the government believes every director needs to consider first among equals’.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor