PracticeAccounting FirmsPwC & Puma produce first global environmental P&L account

PwC & Puma produce first global environmental P&L account

PwC and Trucost help Puma represent their green strategy in acocunts

PUMA HAS UNVEILED the first global environmental profit and loss account, with the help of PwC and analysts Trucost. It is the first time water usage and carbon emissions have been monetised.

The sportswear retailer values both commodities for 2010 to be in the region of €94.4m (£81.9m).

Trucost worked on collating the data with PwC organising and reporting the findings as well as valuing the commodities.

The Puma board was hoping to complete the environmental P&L alongside its annual report however, it missed the deadline and has released the information as a standalone statement.

In future the annual report will contain the environmental information as part of its financial statements.

Auditors PwC will also audit the environmental information and financial data.

PwC said at a press briefing it has already received calls from several large companies including major drinks manufacturers, to help them produce an environmental P&L account.

Related Articles

FRC closes investigation into PwC over Tesco accounts

Accounting Firms FRC closes investigation into PwC over Tesco accounts

6m Alia Shoaib, Reporter
CIPFA and EY announce joint local government accounting service

Accounting Firms CIPFA and EY announce joint local government accounting service

1y Richard Crump, Writer
Taking Stock: KPMG will do Bishop Fleming's accounts for £125

Accounting Firms Taking Stock: KPMG will do Bishop Fleming's accounts for £125

2y Taking Stock
Haines Watts steps in as Clear Leisure CFO leaves

Accounting Firms Haines Watts steps in as Clear Leisure CFO leaves

2y Kevin Reed, Writer
KPMG facing probe as Quindell restates accounts

Accounting Firms KPMG facing probe as Quindell restates accounts

2y Richard Crump, Writer
Taking Stock: Rihanna's new video 'stars' a wealthy accountant

Accounting Firms Taking Stock: Rihanna's new video 'stars' a wealthy accountant

2y Taking Stock
David vs Goliath? Small practitioners pick apart KPMG's SME move

Accounting Firms David vs Goliath? Small practitioners pick apart KPMG's SME move

3y Chris Warmoll, Writer
FRC launches probe into Tesco's audit and accounting scandal

Accounting Firms FRC launches probe into Tesco's audit and accounting scandal

3y Chris Warmoll, Writer