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In our ten years of operation, the carbon market has become increasingly complex and cluttered. There is little commonality in the way carbon offset transaction are reported, there is little robust auditing of any figures that are reported. This makes it difficult for clients to make informed decisions, and undermines the integrity of the whole industry.
The CarbonNeutral Company has always led the way on standards, and in 2007 we have launched the Policy for Accounting and Reporting Carbon (PARC), as the industry standard. PwC assisted us in the development of this standard which takes into account 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. Click here for our Carbon Report 2006/7 which contains an independent assurance report by PricewaterhouseCoopers LLP.
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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