Executive Briefings

Carbon Footprint May Become an Accounting Issue

Carbon emissions loom as an accounting issue not only for companies that deal with government agencies or green-minded civic organizations. The push for a cap-and-trade system is gaining steam in Washington, and in April the Environmental Protection Agency said greenhouse gases contribute to global warming and threaten public health, a stance that could open the door to further limiting carbon emissions under the Clean Air Act. A public comment period is under way, "but it's only a matter of time before companies have to report," says Simon Mingay, global research lead in environmentally sustainable IT at consulting firm Gartner. "Our advice is to start now, save a lot of time and hassle, and do it properly and well."
Source: CFO

Carbon emissions loom as an accounting issue not only for companies that deal with government agencies or green-minded civic organizations. The push for a cap-and-trade system is gaining steam in Washington, and in April the Environmental Protection Agency said greenhouse gases contribute to global warming and threaten public health, a stance that could open the door to further limiting carbon emissions under the Clean Air Act. A public comment period is under way, "but it's only a matter of time before companies have to report," says Simon Mingay, global research lead in environmentally sustainable IT at consulting firm Gartner. "Our advice is to start now, save a lot of time and hassle, and do it properly and well."
Source: CFO