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

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;
  • Incorporating accounting for sustainability
    within professional training and education.