The Prince of Wales' Accounting for Sustainability Forum has announced that its 16 global accounting body members have signed the Forum's five sustainability principles. The forum claims this is the first time that a global group of accounting bodies has committed to a set of sustainability principles. The signatories include the American Institute of Certified Public Accountants.
The forum's principles promote "connected reporting" -- reporting that connects an organization's sustainability impacts with its financial performance more clearly and consistently -- and commits participants to collaborative research and training in this area.
By signing the sustainability principles, participants acknowledge the role that accounting for sustainability must play in providing decision makers with the information they need, but also educating tomorrow's accountants to embed sustainability throughout the profession, said the forum.
The five principles of the Accounting for Sustainability Forum are to: influence and inform, lead by example, drive thought leadership, collaborate through the Forum, and incorporate accounting for sustainability within training and professional education.
The accounting bodies who have signed the Accounting for Sustainability Forum’s Principles are:
