Measuring what really matters

Posted by Kirsten Gibbs
Last updated 28th September 2021
reading time

  • Today the ICAEW is calling for accountants to rally to the cause of sustainable cost accounting:

    All stakeholders have to know if a reporting entity can make the transition to be net zero carbon and have access to the capital that will be required to make this happen. This is a financial reporting, and thus an accounting, issue and so has to be on the balance sheet.   Accounting cannot be neutral and should, therefore, both report and encourage good practice and be a core part of that process of change”

    As the article says: "With their unique skills, accountants are better placed than most other professionals to calculate accurately the environmental costs of companies’ business decisions and integrate climate risk into organisational strategy, finance, operations, and communications."

    The report talks about large companies with outside investors, but I don't see why small companies shouldn't do their bit.   For accountants and owners it will be good practice at measuring what really matters.



    Measuring what really matters Row 1 image
  • Choose one or more of the following options:
You might also like ...
  • Who’s driving?
    Who’s driving?
  • Stakeholders
  • Good design is long-lasting
    Good design is long-lasting
  • Relics
  • More than meets the eye.
    More than meets the eye.
  • Growing up
    Growing up
  • Hoarding
  • Asking for help
    Asking for help
  • Transformation
  • More than skin deep
    More than skin deep
  • Measuring what matters
    Measuring what matters
  • Externalities
  • Growth
  • Measuring doughnuts
    Measuring doughnuts
  • Participation
  • Money trees
    Money trees
  • It’s good to talk
    It’s good to talk
  • Writer’s block
    Writer’s block
  • For a long weekend
    For a long weekend