KPMG Targets Sustainable Accounting

Hastings: Tallying costs. KPMG says it is working with the other five-largest accounting firms to adopt a new type of accounting system that will reflect more accurately the value of corporations’ natural resources and sustainability. Michael Hastings director/corporate citizenship at KPMG, disclosed the proposals at a conference on sustainability issues for corporations, “Building a Low Carbon World,” held in London last week. “The value of dwindling economic resources should surely be included as a cost in what we buy and consume,”...

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