The International Federation of Accountants (IFAC) and The
Prince of Wales’s Accounting for Sustainability (A4S) project have
entered into a memorandum of understanding to support the global
accountancy profession’s role in developing sustainable
organisations.
IFAC and the A4S will support the work of accountants in
embedding sustainable practices by:
- Facilitating collaboration across the global
accountancy community, for example by developing a community
website that will allow for the exchange ideas; - Establishing an international integrated
reporting committee to develop a new reporting model to better
reflect the impact of financial, environmental, social, and
governance factors on the long-term performance of an organisation;
and - Incorporating accounting for sustainability
within professional training and education.
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