RegulationAccounting StandardsAccounting for sustainability earns global accountancy backing

Accounting for sustainability earns global accountancy backing

Global accountancy institutes join forces to bring sustainability to the forefront of reporting principles

Prince Charles’ Accounting for Sustainability Forum has announced that 16
accountancy bodies across the world have agreed on a set of five sustainability
principles.

This is the first time that a global group of accountancy institutes has set
a guideline of this kind with the principles promoting ‘connected reporting.’

By signing the principles, the participating bodies are hoping to bring
sustainability to the forefront of accounting practic and educating future
accountancy professionals on its importance and application.

The principles are to: influence and inform; lead by example; drive thought
leadership; collaborate through the Forum; and, incorporate accounting for
sustainability within training and professional education.

Prince Charles said: ‘I am delighted that accounting bodies across the world
have recognized that sustainability is an issue of global concern and have
committed to the Principles developed by my Accounting for Sustainability
Forum.’

Steve Freer, chief executive, CIPFA, said: ‘A4S is addressing a critically
important agenda for organizations in all sectors of the economy.’

‘Better accounting and reporting are pre-requisites for better decision
making which gives proper weight to the sustainability implications of different
business strategies’ he added.

Included amongst the participants are: ICAEW, ACCA, CIMA, CIPFA, ICAS, JICPA,
Japanese Institute of Chartered Public Accountants, NZICA, New Zealand Institute
of Chartered Accountants, SAICA, South African Institute of Chartered Certified
Accountants.

Further reading:

Prince’s green guidelines

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