Accountants Enabling the Circular Economy
May 31, 2022 | Guidance & Support Tools
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.
Copyright © 2022 The International Federation of Accountants (IFAC). All rights reserved.
You must be signed in to the IFAC website in order to submit a comment. If you do not have an account, please register below. IFAC respects your privacy and will not send you unsolicited email or spam. You can subscribe to IFAC publications, change your subscription preferences, or manage your user profile at any time.
Get the latest updates delivered to your inbox
LOOKING FOR BOARD STANDARDS?
Translations & Permissions
Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.