Press Releases/News Alerts
Nov 06, 2010
Malaysian Institute of Accountants and International Federation of Accountants Announce Initiatives To Offset Carbon Emissions from the WCOA 2010
The Malaysian Institute of Accountants (MIA) and International Federation of Accountants (IFAC) today announced a series of initiatives to offset carbon emissions from their co-hosted event, the 18th World Congress of Accountants (WCOA) 2010.
The WCOA will be held in Kuala Lumpur from 8-11 November, 2010 and is the largest international congress in Malaysia for 2010. During the World Congress, the more than 6,000 expected delegates will be encouraged to contribute to offset carbon emissions.
Abdul Rahim Abdul Hamid, President of the Institute, said, “This initiative demonstrates the seriousness that the WCOA has taken with regards towards sustainability for the environment in the long term. It is also to support MIA’s and IFAC’s objectives of giving back to society. As a profession, we recognise the importance not only of reporting about it but also of participating in initiatives to offset carbon emissions.”
Rahim added, “As part of our other sustainability efforts, we will also do our little bit by providing our delegates with re-useable water bottles in place of plastic water bottles during the four-day World Congress. By doing this, we will save an estimated 100,000 plastic water bottles if each person were to consume four bottles of water per conference day.”
MIA and IFAC are also providing thumbdrives so that participants can download the presentations of the 183 speakers after the Congress, as part of the effort to reduce the carbon footprint.
“Imagine the innumerable number of trees that we have saved from being cut with this small initiative. Our other environmental-friendly initiative is to encourage our foreign delegates upon their arrival to take the fast and convenient Express Rail Link from the Kuala Lumpur International Airport to the city centre to help offset carbon emissions,” said Rahim.
“We are very pleased to work together with the MIA to support these initiatives,” said Ian Ball, Chief Executive Officer of IFAC.
“As an organization, IFAC is committed to sustainability—in our daily office environment, as well as through active involvement in The Prince’s Accounting for Sustainability (A4S) Project and the International Integrated Reporting Committee (IIRC).” Mr. Ball is co-chair of the IIRC’s Working Group.
“We believe that the accountancy profession has a critical role to play in developing a concise, consistent, and comparable integrated reporting framework so that organisations around the world can report in a manner that addresses sustainability and can embed sustainability into their decision-making processes.
“We will also participate in planting trees to offset carbon emissions. We hope it serves as a starting point and that the World Congress delegates will also see the importance of supporting this important initiative,” said Mr. Ball.
About the Malaysian Institute of Accountants (MIA)
MIA (www.mia.org.my) is a statutory body established under the Accountants Act, 1967 to regulate and develop the accountancy profession in Malaysia. To date, MIA has close to 27,000 members. MIA’s responsibilities include education and quality assurance as well as enforcement which are carried out to ensure that the credibility of the profession is maintained and that public interest is continuously upheld.
In the international and regional arena, MIA plays a significant role in developing and advancing the global accounting profession through its involvement in organisations such as the International Federation of Accountants, the Confederation of Asian and Pacific Accountants (CAPA), and the Asean Federation of Accountants (AFA). MIA’s involvement in these bodies also enables Malaysian accountants to have a voice on these global and regional platforms, also enabling the latest developments overseas to be brought home for the betterment of the profession.
About the International Federation of Accountants (IFAC)
IFAC (www.ifac.org) is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. It is comprised of 164 members and associates in 125 countries and jurisdictions, representing approximately 2.5 million accountants in public practice, education, government service, industry, and commerce.