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December 13, 2009

Institutes call for global standard

The Federation of European Accountants (Fédération des Experts comptables Européens – FEE), the Climate Disclosure Standards Board, the Prince of Wales Accounting for Sustainability Project and 13 accounting institutes from around the world have all called for a global regime to measure, verify and report on greenhouse gas emissions.

FEE said these processes will be instrumental in controlling greenhouse gas emissions even if there is a successful outcome at the Copenhagen climate change summit this month.

Accountants have contributed to existing frameworks for the reporting on a range of sustainability measures, including the control of greenhouse gas emissions, FEE said, adding that a clear, consistent and authoritative reporting framework still needs to be developed.

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