New European environmental accounting rules
28 Jun 2001
The European Commission has adopted a Recommendation on recognition, measurement, and disclosure of environmental liabilities and expenditures in the annual accounts and annual reports of EU companies.
"The Recommendation has been prepared taking into account relevant requirements in International Accounting Standards (IAS).... However, there exists little guidance directly related to environmental issues in IAS and no specific IAS is solely focused on these issues." Click for Full Text of Recommendation (PDF 144k).