The Financial Crisis Advisory Group (FCAG) has released a report emphasizing that improved financial reporting will serve as a catalyst for increased financial stability and sound economic growth. It also stressed that accounting was not a root cause of the financial crisis, but it has an important role to play in its resolution.
Study Finds Lack of Consistency in the Carbon Information Large Companies Publish in Financial Reports
There is a lack of consistency in the carbon information that the world’s largest companies publish in their annual financial and/or CR reports, according to "Currents of Change – The KPMG Survey of Corporate Responsibility Reporting 2015." This makes it almost impossible to accurately compare one company’s carbon performance with another’s.