International Federation of Accountants Sustainability Profile
The International Federation of Accountants (IFAC), headquartered in the United States, is a leading global organisation dedicated to the accountancy profession. Founded in 1977, IFAC has played a pivotal role in enhancing the quality and consistency of accounting practices worldwide, serving as a vital resource for professional accountants across various regions, including Europe, Asia, and Africa. IFAC focuses on key areas such as standard-setting, professional development, and advocacy for the accountancy profession. Its core services include the development of international standards and guidance, which are unique in their comprehensive approach to promoting high-quality financial reporting and auditing practices. With a strong market position, IFAC is recognised for its commitment to advancing the profession and supporting the global economy through effective financial management.
DitchCarbon Score
How does International Federation of Accountants's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Membership Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
International Federation of Accountants's score of 26 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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International Federation of Accountants's reported carbon emissions
In 2023, the International Federation of Accountants (IFAC), headquartered in the US, reported total carbon emissions of approximately 1,200,000 kg CO2e. All of these emissions fall under Scope 3, indicating that they are primarily linked to indirect activities such as purchased goods and services (792,000 kg CO2e), business travel (509,000 kg CO2e), and upstream leased assets (96,000 kg CO2e). Notably, IFAC did not report any emissions under Scope 1 or Scope 2. Despite the significant total emissions, IFAC has not established specific reduction targets or initiatives, nor have they committed to any climate pledges. This lack of formal commitments may reflect a broader trend within the accounting profession, where many organisations are still developing comprehensive strategies to address climate change. As of now, IFAC's emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported. The organisation's focus on Scope 3 emissions highlights the importance of addressing indirect emissions in their overall climate strategy.
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| 2023 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 1,200,000 |
How Carbon Intensive is International Federation of Accountants's Industry?
How Carbon Intensive is International Federation of Accountants's Location?
International Federation of Accountants's Scope 3 Categories Breakdown
Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 66% of Scope 3 emissions.
Top Scope 3 Categories
International Federation of Accountants's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
International Federation of Accountants has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
