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Accountants 'must lead the way in going green'
Accountancy News |
Accountants must find a way to quantify the cost of carbon emissions, the Prince of Wales has warned.
Speaking to the Accounting for Sustainability Forum, Prince Charles urged businesses not to sideline environmental issues during the current downturn, comments which could interest finance recruitment staff.
He said: "Environmental systems are more complex and less understood than the global financial systems. By the time the problem is understood and addressed it will be too late."
Accountants must take the lead on such matters, he urged, pointing out that the measuring of carbon levels for business could not happen without their assistance.
Those in the profession are good at analysing and using data and this will be vital to showing the best approach as regards the environment, Prince Charles added.
Last week, Neal Ysart, of the forensic services function at PricewaterhouseCoopers, warned that fraud is likely to increase as the economic climate worsens.
He called on firms to put more checks in place, especially in areas of high expenditure.