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ACCA has today released a new report entitled Water: the next carbon? calling on firms and their accountancy departments to better track water use and water risks. The report follows a recent conference hosted by ACCA and WWF-UK, which saw the global professional body sign a memorandum of understanding with the environmental group to work together on assessment of current UK water accounting and reporting processes.
The partnership could result in the development of water-reporting standards, similar to the global IFRS financial reporting standards that ACCA supports…..
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