Metrically challenged

The London School of Business & Finance’s Dr Steve Priddy and consultant Steve Bailey explore how the low-carbon corporate vanguard is tackling the virgin field of green metrics.

The owners and providers of capital to businesses, from the sole trader upholsterer to the giant oil and gas multinational corporation, need to know that those businesses are under control and effectively managed. They

do this in part through the process of measurement, monitoring and managing. One output of this activity is the annual report and accounts but far more important in terms of day to- day activity are the management accounts. At the very least these should comprise cashflow records and a sense of the order book. In this regard, the profit and loss account and the balance sheet are second-order documents drawn up after the events and activities they seek to embody.

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