ACCOUNTANCY BODY UPDATES ENVIRONMENTAL REPORTING RECOMMENDATIONS.
As part of its wider efforts to help promote eco-audits in the industrial world, the Federation des Experts Comptables Europeens (FEE) has just issued updated recommendations for improving the quality of corporate environmental reports. It has updated its February 1999 discussion paper "Towards a Generally Accepted Framework for Environmental Reporting" by taking into account all responses received and developments since its first publication and has now published it as a paper under the same title. FEE's Environmental Working Party, which was set up in 1993 shortly after the EU adopted its EMAS Regulation establishing the EU's Environmental Management and Audit Scheme, feels that "more attention needs to be paid to the various qualitative reporting characteristics which should underpin the emerging practice of corporate environmental reporting". The accountancy body, which speaks for 38 institutes in 26 different countries with a combined membership of around 450,000, says the quality of published corporate environmental reports could be "greatly improved".FEE is well aware that there is increasing pressure on companies to demonstrate how they are approaching and communicating the major strategic issue of sustainable development, but still feels...
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