BusinessCompany NewsFDs split on call to go green

FDs split on call to go green

Would you be happy to produce an environmental report alongside your annual report and accounts?

Almost half of UK finance directors are ready to start publishing environmental reports alongside their annual report and accounts.

The latest Accountancy Age/Reed Accountancy Personnel Big Question survey indicates the number of FDs prepared to write environmental reports outweighs those who find no value in the process.

The results follow heavy criticism of the International Accounting Standards Board by the UN and ACCA for not engaging in the process of writing standards recognising the value of sustainability.

In the survey one FD said: ‘All companies have a responsibility to ensure environmental issues are incorporated into the culture of business.’

Another said: ‘Companies should be responsible for the future. If we do not think long-term, there will be a big price to pay.’

The IASB has indicated that it believes there is no way of writing rigorous standards for reporting sustainability issues.

Some of the FDs polled questioned the benefits of green reporting.

John Buckley, FD at Santer Automation, said: ‘Such a report would have little value beyond the cosmetic. What would companies say? Who would know if they were telling the truth? There is already a lot of scepticism about audited figures.’

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