Coalition Circular Accounting (CCA)
The Netherlands Institute of Chartered Accountants (NBA) and Circle Economy founded the Coalition Circular Accounting (CCA) to identify and overcome accounting related challenges that hinder the transition to the circular economy. The Coalition Circular Accounting is a diverse group of experts and scientists in the fields of finance, accounting and law.
What is CCA?
Circle Economy Foundation, The Royal Netherlands Institute of Chartered Accountants (NBA), and Invest-NL operate a coalition to jointly identify and investigate reporting and accounting issues in the circular economy. The coalition consists of internal finance professionals, financiers, sustainability consultants, accountants and academic researchers. In the Coalition Circular Accounting (CCA), we collaborate to gain a better understanding of current financing and reporting guidelines and, where necessary, to formulate new guidelines that are fit for purpose in the circular economy. The coalition utilises a variety of practical case studies to investigate challenges and develop new knowledge and potential solutions.
How do we work?
The CCA has been working with several stakeholders in the past years, producing, among other publications, an overview paper titled 'FINANCIAL ACCOUNTING IN THE CIRCULAR ECONOMY: REDEFINING VALUE, IMPACT AND RISK TO ACCELERATE THE CIRCULAR TRANSITION' which illustrates the current state of accounting and reporting solutions, and how they can support businesses in driving the circular transition.
In the most recent trajectories (CCA 2.0) efforts have been focused on Swapfiets and Hempel case studies, looking into challenges relating to VAT and the CSRD respectively. Through the Community of Practice (CoP) format—a pre-competitive environment where stakeholders with different professional backgrounds share and develop knowledge—the CCA proudly shares the learnings from all its endeavours.
Our goal and strategy
The goal is to overcome existing reporting and valuation challenges that hinder the transition to the circular economy. The CCA uses real-life business cases that show what accounting and legal challenges occur when a circular economic business model is put into practice.
Aggregating the results of these cases are published in a report that provides an overview of the encountered challenges and a roadmap for financial- and accounting professionals in the field as well as financial policy makers.
