Thursday, July 15, 2010

UN report recommends accounting rules be used to safeguard biodiversity


Business interest in biodiversity may rest on accouting standards, report finds

Rules which may force businesses to record and report their impact on biodiversity via their published accounts are being considered by the global accounting standard setter.

The International Accounting Standards Board (IASB) is considering recommendations by a United Nations affiliate, The Economics of Ecosystems and Biodiversity (TEEB), to measure and report their biodiversity impact in financial statements.

See full Article.