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Accountants Enabling the Circular Economy

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Circular thinking has implications on the application of accounting and financial principles, for example, depreciating assets until they have no value does not provide incentives for shifting to circular business models. Accountants need to be able to evaluate decisions beyond the financial value generated. To consider the opportunities and challenges to circular economy adoption, Usha Ganga, NBA Topic Director Sustainability and Aglaia Fischer, Circle Economy, Finance Initiative Lead presented on the work of The Royal NBA and Circle Economy as part of the Coalition Circular Accounting (CCA) summarized in this report.

Read more insights from IFAC’s Professional Accountants in Business Advisory Group: Global Priorities for Professional Accountants in Business and the Public Sector.

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