This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

ACCA publishes interim guidance on carbon accounting for small businesses

  • ACCA (UK Association of Chartered Certified Accountants) (lt green) Image

08 Sep 2014

The Association of Chartered Certified Accountants (ACCA) has recently published 'Technical Factsheet 190 Carbon accounts for small businesses-interim guidance', which sets out a simple form of carbon accounting that is suited to entities with turnovers up to around £7 million.

This factsheet provides guidance for small businesses and their advisers about how to set up and operate carbon accounting.  It sets out the reasons why companies should assess their carbon impact, such as the importance of protecting the environment, the positive impact on business growth and stakeholder engagement of being a 'low carbon' business and the potential cost savings that can be realised.  It also describes the UK tax incentives that small businesses may be able to take advantage of by 'going green'.

The factsheet includes guidance on establishing the scope, objectives and timing of the measurement of carbon emissions information, as well as how to set up the systems to capture the information needed.  It also provides information on how to account for emissions from various business activities:

  • Energy use - including heating and electricity;
  • Transport usage - including use of vehicles and public transport;
  • Water usage; and
  • Consumption of consumables, such as packaging and paper.

Finally, it gives guidance on how to evaluate the data collected, set targets for future performance and monitor progress against those targets.

The full factsheet can be downloaded from the ACCA website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.