Accountants push for better green reports

European body renews call for clear framework for company environmental reporting

Progress on improving the quality of corporate environmental reporting is slow and reports could still be "greatly improved," according to a new discussion paper published by the European accountants' federation (FEE).

The association complains that there is still no clear, agreed framework for companies' green reports. It makes recommendations to "fill the gap," building on proposals made by FEE last year (ENDS Daily 4 February 1999). Claiming that environmental reporting has still not moved beyond its "infancy", the federation again calls for more effective use of financial reporting principles. It re-emphasises the need to incorporate "qualitative criteria such as relevance, reliability, completeness and consistency" into reports.

FEE claims that the paper's arguments are also relevant to the issue of sustainability reporting, enshrined last month in the Global Reporting Initiative, a first set of comprehensive, international guidelines (ENDS Daily 30 June).

Follow Up:
FEE, tel: +32 2 285 4085.

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