Archive for the ‘CPA Success’ Category

Sustainability Reporting

August 24th, 2010 Comments off

Tom Hood has a piece today at CPA Success that mentions the idea that sustainability reporting may be on the fast track to becoming standardized and required.

On Monday, Aug. 2, 2010, the formation of the International Integrated Reporting Committee (IIRC) was announced. The committee is led by Prince Charles, The Prince’s Accounting for Sustainability Project (A4S) and the Global Reporting Initiative (GRI) in an attempt to add a globally accepted set of standards for accounting for sustainability.

As I have posted previously, there have been more companies voluntarily heading down this path or even requiring suppliers to do some limited sustainability reporting, but these have been largely voluntary efforts.  The Blocher textbook dives into this issue as well by discussing “sustainability” as the “5th perspective” of the balanced scorecard. As this ball gets rolling and as the public demands ever more information on environmental impacts from companies it makes sense to have standards to allow for comparability. Keep watching for more of this…

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