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Accountants Seek Sustainability 26 March 09

coins imageA new sustainability accounting framework provides professional accountants the tools to incorporate environmental impacts into business operations and help with the complications of accounting for carbon.

The International Federation of Accounting (IFAC), a global organization for the accounting profession, has launched a Sustainability Framework. The IFAC provides a set of web-based tools that allows users to navigate sustainability issues, examples of good practice, and links to additional information.

The IFAC sustainability framework outlines four overall perspectives to successfully implement environmental policy: business strategy, internal management, financial investors, and other stakeholders to increase transparency and accountability.

The launch of the IFAC on line tools coincides with the Low Carbon Summit, a forum for businesses to work with government on finding ways to jump-start the economy while addressing climate change.

View IFAC Sustainability Framework
View March 17, 2009 Climate Biz article
View February 6, 2009 IFAC press release

Sources: IFAC, Climate Biz, Accountancy Age
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