The Chartered Institute of Management Accountants (CIMA), the American Institute of Certified Public Accountants (AICPA), and the Canadian Institute of Chartered Accountants (CICA) have published a survey measuring the state of accounting for sustainability in the UK and North America. It shows that compliance with regulatory requirements remains the most common driver of business sustainability (34% of large companies and 24% of small companies). In addition, 32% of large companies said managing reputation risk is a key driver while 19% of small companies identified cost-cutting efficiency. Also, 79% of large companies have a formal sustainability strategy, compared to 33% of small companies. The survey, called Evolution of corporate sustainability practices: Perspectives from the UK, US and Canada, is available online.
