Accounting and Financial Reporting Council
The Accounting and Financial Reporting Council (AFRC), headquartered in Hong Kong, plays a pivotal role in the realm of Other Accounting Services. Established to enhance the quality of financial reporting and auditing, the AFRC oversees the regulation of accountants and auditors, ensuring compliance with international standards. Since its inception, the council has achieved significant milestones, including the implementation of robust regulatory frameworks that promote transparency and accountability in financial practices.
The AFRC's core services encompass the development of accounting standards, oversight of financial reporting, and the regulation of audit practices. Its unique position as a regulatory body allows it to influence the accounting landscape in Hong Kong and beyond. With a commitment to excellence, the AFRC has established itself as a leader in fostering trust and integrity within the financial reporting community.
-29 vs industry average
Accounting and Financial Reporting Council’s score of 20 is lower than 10% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Other Accounting Services is among the least carbon-intensive industries
Industry performance
The Other Accounting Services industry has reduced its overall emissions by 27% since 2018
Reported emissions
Scope 3 accounts for ••• of total emissions.
Accounting and Financial Reporting Council's reported carbon emissions
The Accounting and Financial Reporting Council (AFRC), based in Hong Kong and operating in the Other Accounting Services industry, reported a total of approximately 59.9 trillion kg CO2e for the year 2019. This figure represents the sum of its Scope 1, 2, and 3 emissions for that period. Specific details for Scope 1 and Scope 2 emissions, as well as numerous Scope 3 categories such as purchased goods and services, business travel, and employee commute, were not individually disclosed or were unavailable at the time of reporting. The AFRC has not publicly stated any specific carbon emission reduction targets or participated in initiatives like the Science Based Targets initiative (SBTi).
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Accounting and Financial Reporting Council’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Accounting and Financial Reporting Council yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Accounting and Financial Reporting Council
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