Accountancy institutes from around the world unite to put pressure on leaders for global carbon standard
The ICAEW, Carbon Disclosure Standards Board, ACCA and CIPFA have joined forces with other institutes from around the world to urge political leaders to produce a single carbon reporting standard.
The institutes have written an open letter to the attendees of the Copenhagen global climate change summit, starting today, to produce a single set of standards for climate change related disclosures.
Michael Izza, chief executive of the ICAEW said: “We believe that a single reporting standard for climate change related disclosure related to financial performance and mainstream financial reports is only the beginning of the process that will promote the provision of more trusted, accurate and reliable information to investors and stakeholders enabling them to make better decisions and drive the scale of behavioural change necessary to achieve a low carbon economy.”
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