Carbon Accounting

How accountants can report environmental costs

As the world becomes increasingly aware of environmental issues, the role of accountants has expanded beyond traditional financial reporting to include the measurement and reporting of environmental costs.  This shift is driven by a growing demand for Environmental, Social, and Governance (ESG) reporting, particularly in the UK, where regulatory and…

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Xero and Sumday partner to enhance carbon accounting for advisors

Xero has announced a global partnership with Sumday, a carbon accounting platform, to help accountants and bookkeepers globally to manage their own and their clients’ carbon accounting.  As part of the partnership, Xero and Sumday will work together to empower small businesses to understand their emissions to an audit-ready standard…

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‘Ahead of the curve’: are accountancy firms on track to become more sustainable?

How and when did the Net Zero Accountancy Initiative start? We developed what we call Net Zero protocols, in a number of different sectors, with the idea of rolling them out to the new sectors every single year and helping more and more companies. One of the very first sectors…

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10 UK firms achieve ‘On the Road to Net Zero’ certification

A diverse group of UK accountancy firms are celebrating being the first to achieve an ‘On the Road to Net Zero’ certification from the Net Zero Accountancy Initiative. Ten firms, including Prager Metis and Harrisons Accountancy, have been awarded the new certification which recognises their ongoing commitment to tackling the climate…

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Kreston Reeves signs carbon accounting partnership with Ecologi Zero

Accountants, business and wealth advisers Kreston Reeves has signed a partnership with impactful environmental organisation Ecologi and its free carbon accounting tool, Ecologi Zero. It said the partnership will help clients of Kreston Reeves “better understand and ultimately reduce their greenhouse gas emissions”. The partnership will make available to businesses…

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PwC named signatory to The Carbon Call

PwC has announced it has become a signatory of The Carbon Call to improve measurement, reporting, and verification of GHG emissions and removal, primarily for the corporate sector, effective yesterday (5 June). The Carbon Call is an initiative led by ClimateWorks Foundation. The Carbon Call and participating organisations “uncover” and…

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PCAF launches carbon accounting coalition

The Partnership for Carbon Accounting Financials (PCAF), an industry-led partnership to standardise carbon accounting for the financial sector, has launched a UK coalition to further promote measurement and disclosure of carbon emissions in the sector. Initiated and chaired by the International business of Federated Hermes, and following a collaborative structure…

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