The principles promote accounting for sustainability and commits participants to collaborative research and training in this area.
By signing the principles, participants acknowledge the crucial role that accounting for sustainability must play in providing today’s decision makers with the information they need, but also educating tomorrow’s accountants to embed sustainability throughout the profession.
1. Influence and inform
To promote accounting for sustainability and the benefits of “integrated reporting” (reporting that connects an organization’s sustainability impacts with its financial performance more clearly, concisely and consistently).
2. Lead by example
To embed accounting for sustainability within our own organizations’ strategy and operations.
3. Drive thought leadership
To increase understanding of good sustainability practices by commissioning and/or participating in work related to accounting for sustainability.
4. Collaborate through the International Network
To share learning and experience with the International Network and to work together to advance better accounting for sustainability.
5. Incorporate accounting for sustainability within training and professional education
To incorporate accounting for sustainability in training programmes for employees, suppliers, students, members and others, in professional and academic qualifications and in professional development requirements.
Who has signed up?
The Accounting Bodies Network has signed up to the above five principles. The members of this network are:
- Association of Accounting Technicians (AAT)
- Association of Chartered Certified Accountants (ACCA)
- Chartered Institute of Management Accountants (CIMA)
- Chartered Institute of Public Finance and Accountancy (CIPFA)
- Consiglio Nazionale dei Dottori Commercialisti e Degli Esperti Contabili (CNDCEC)
- Consultative Committee of Accountancy Bodies (CCAB)
- Institute of Chartered Accountants in England and Wales (ICAEW)
- Institute of Chartered Accountants in Ireland (ICAI)
- Institute of Chartered Accountants of Scotland (ICAS)
- Institut der Wirtschaftsprüfer in Deutschland (IDW Germany)
- American Institute of Certified Public Accountants (AICPA)
- Chartered Accountants of Canada (CICA)
- CMA Canada
- Hong Kong Institute of Certified Public Accountants (HKICPA)
- Japanese Institute of Certified Public Accountants (JICPA)
- The Institute of Cost and Works Accountants of India (ICWAI)
Australia & New Zealand
- CPA Australia
- Institute of Chartered Accountants in Australia (ICAA)
- New Zealand Institute of Chartered Accountants (NZICA)
- South African Institute of Chartered Accountants (SAICA)
- The Zambian Institute of Chartered Accountants (ZICA)
Who can sign up?
The accounting bodies are the first to formally sign up to the principles. However, they have been designed to enable other organizations (companies, public sector bodies, academic institutes and non-governmental organizations) to commit to them.