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We have always believed that it's important for any organisation operating in the carbon market to subject their business to independent review and work to common principles. That's why we have The CarbonNeutral Protocol, and commission an annual 3rd party review of our business.
Last year, we wanted to make the Review more comprehensive, and we were particularly concerned with the lack of commonality in the way carbon offset transactions are reported and audited. This makes it difficult for clients to make informed decisions, and undermines the integrity of the whole industry.
Against this backdrop, in 2007 we launched the Policy for Accounting and Reporting Carbon (PARC), as the industry standard. PwC assisted us in its development, taking into its scope relevant, generally accepted accounting principles. Any company using the PARC commits to full disclosure of its carbon stocks in the interests of transparency.
Our own company has used the PARC for our latest carbon accounts, and appended this to the Independent Assurance Report by PricewaterhousCoopers LLP. Both are published as our Carbon Report which you can view by clicking here.
This Report and the Policy are developments from previous years’ Reporting which were undertaken by KPMG.
if you would like to know more, please email us.
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