On 18 June 2018 (2:00-5:00 PM CET), Finance Watch is holding a workshop on Financing a Sustainable Agriculture - the Role of Accounting Reform.
The European Commission’s Action Plan on Financing Sustainable Growth considers "bold and ambitious policies towards meeting the challenges of climate change, environmental degradation, resource depletion, and social sustainability".
Point 9 of the Action Plan states that "The Commission recognises the importance of ensuring that accounting standards do not directly or indirectly discourage sustainable and long-term investments. In this regard, consideration is needed about whether there could be more flexibility as concerns the endorsement of IFRSs wherever specific adjustments would be more conducive to long-term investment".
The degradation of agricultural soils is alarming and shifting to more sustainable agricultural practices is urgent. Securing financing is a key element of the required shift.
This workshop represents a platform for sharing views on the opportunity to build an accounting reform agenda and take it forward in the regulatory instances.
Speakers
- Hélène Le Téno, Head of the Ecological Transition Sector at Groupe SOS, will present the results of an experiment of "triple capital accounting" for sustainable farming.
- Mireille Martini, Research & Advocacy Officer on Sustainable Finance at Finance Watch, will convene a discussion on the potential impact that such alternative accounting methodologies could have on the access of sustainable agriculture projects to finance.
