Editor’s Talk

Editor's Talk (From JAP No. 66)

Dear all readers.

      This year we have been experiencing the so-called "global warming" throughout every corner of the world. The business sector itself has been very concerned about the environmental impact on business operations in recent years. Recognizing the need to integrate sustainability in all dimensions, the IASB has made it clear that major climate change risks must be included in financial reporting. 

      "Climate Accounting" is a tool that provides an overview of the impact on climate impacts from the organization's direct and indirect emissions. Other related terms such as Environmental Accounting, Green Accounting, etc., have both similar and different aspects. The term “green accounting” emphasizes identification. measurement, evaluation and disclose costs related to environmental organizations' activities whereas environmental accounting aims to prepare reports for internal and external stakeholders of the organization to use as decision-making tools. It is paramount how to ensure that the waste of time and resources for data collection and preparation of this report produces significant practical consequences in a timely manner for solving the current crisis.

      See you in the next issue.
 

Asst.Prof.Somchai Supphatada
Editor

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