Not that Richard Murphy realises that he’s just proven that climate change isn’t something we should bother about but then that’s because Richard Murphy doesn’t understand the subject under discussion.
But on such a misunderstanding he has based his entire idea of a new form of accounting to deal with climate change.
Hey ho, that expansion of the universities was a mistake, wasn’t it?
The core point is this:
The framework must also have a forward-looking focus when considering capital sufficiency for the sake of protecting all stakeholders of the reporting entity.