Natural Capital – What do Accountants Think?
Author:
Gordon HEWITT, ACCA
JEL:
O 13, O 44, Q 56
DOI:
Keywords:
natural capital, accountancy, corporate value, risks
Abstract:
Protecting the environment as a natural capital and success factor is one of the main responsibilities of the business environment. This is the opinion of 81% of the accounting professionals who took part at the survey "Natural Capital – What do accountants think", conducted by ACCA (Association of Chartered Certified Accountants) and KPMG in 50 countries.\r\nThe accounting professionals involved in the survey also identified the first five risks that the natural capital brings in the private sector activity, namely: • The reputational risk (68%), • The discontinued operations (61%), • The scarcity of resources and their increased cost (50%), • The risk affecting the supply chain (47%), • The financing risk (46%).\r\n