Accountants urged to brush up water footprinting skills

BusinessGreen.com: They may already be under increasing pressure to develop a standard mechanism for measuring the carbon footprint of a company or product, but that has not stopped the global body for accountants, the Association of Chartered Certified Accountants (ACCA), calling on the profession to also start working on methodologies for measuring water footprints.

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…..