Accounting Standards

ICAS joins Prince of Wales’ Terra Carta

Launched in January 2021, the Terra Carta is a part of HRH’s Sustainable Markets Initiative (SMI), which provides a 2030 roadmap for businesses to forge a sustainable future

The Institute of Chartered Accountants of Scotland (ICAS) has joined HRH The Prince of Wales’ Terra Carta, the private sector sustainability charter.

Launched in January 2021, the Terra Carta is a part of HRH’s Sustainable Markets Initiative (SMI), which provides a 2030 roadmap for businesses to forge a sustainable future.

ICAS is the debut accountancy institute to sign up to the charter, which lays out almost 100 actions under a recovery plan.

HRH The Prince of Wales urged people to “join this urgent call to arms” and in turn “drive the change we so desperately need”.

Joining the Terra Carta represents a continuation of the ICAS sustainability strategy, which aims to focus on climate change, public trust, and equality, diversity, and inclusion.

J Bruce Cartwright, chief executive at the association, said: “ICAS has an ambition to put sustainability at the heart of everything that we do – from the education that we provide to our students, to our work with our 22,000 members around the world.

“We also recognise the transformative role that chartered accountants have in delivering the actions of the Terra Carta, to bring about lasting change as we seek to build a more sustainable world.”

He added that “as the first accountancy body in the world” it is therefore “an honour to now become the first accountancy institute to join the Terra Carta”.

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