Meacher backs CIMA on environmental reporting.


Current listing requirements for companies encourage short-termism and require an overhaul, according to CIMA. Charles Tilley, chief executive, is inviting Michael Meacher (above), minister for the environment, to a meeting with the Financial Services Authority and other investment specialists to consider the best way to report long-term risks. Following the publication of its report on environmental accounting, CIMA is calling for environmental reporting on a principles basis to be fully incorporated into the operating and financial review, which it recommends should be mandatory for listed companies. Speaking at the launch of CIMA's report on environmental cost accounting, written in association with Forum for the Future, Meacher reinforced the business benefits of managing and reporting on environmental risks. "Saving money is not the only...

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