Sustainability


The International Federation of Accountants (IFAC) and The Prince’s Accounting for Sustainability (A4S) Project have entered into a memorandum of understanding (MoU) to support the global accountancy profession’s role in developing sustainable organizations.

 

IFAC and A4S believe that an essential part of maintaining economic performance and contributing to society lies in embedding sustainability into strategy, governance, performance management and reporting processes.

 

The MoU says key priorities to support the work of professional accountants in embedding sustainable practices include:

 

  • Raising awareness and facilitating sharing and collaboration across the global accountancy community, for example, through the development of a community website for professional accountancy organizations, business leaders, academics and other experts to exchange ideas and share good sustainability practice;
  • Establishing an international integrated reporting committee to develop a new reporting model that will better reflect the interconnected impact of financial, environmental, social and governance factors on the long-term performance and condition of an organization; and
  • Incorporating accounting for sustainability within professional training and education.

 

For more information, visit accountingforsustainability.org.

 

More from the JofA:

 

 Find us on Facebook      Follow us on Twitter

 

SPONSORED REPORT

CPEOs provide peace of mind around payroll services

The creation of these new IRS-certified service providers for small businesses clarifies some issues around traditional professional employer organizations.

QUIZ

8 sentences to help you master subject-verb agreement

When professionals prepare written material for readers inside their organization or outside, they should make sure that no errors distract from the message they need to convey. Take this short quiz for practice in subject-verb agreement.