-June 04, 2008 - ACCA Singapore announced today that it is offsetting its carbon emissions with Carbonfund.org, one of the world's leading carbon offset organizations. As a CarbonFree Event, ACCA Singapore is offsetting the carbon footprint for its upcoming ACCA Sustainability Conference 2008 & the Singapore Environmental & Social Reporting Awards (SESRA) on June 5, 2008, held in conjunction with World Environment Day. This commitment establishes ACCA as an environmental leader in the accounting and finance community and demonstrates the proactive steps ACCA is taking in the fight against global climate change.

ACCA made the decision to partner with CarbonFund.org as it is a leading carbon offset organization with a proven track record of offsetting the carbon footprints of events such as the Global Business Summit for the Environment 2007 (B4E) held in Singapore. ACCA will ensure that the ACCA Sustainability Conference 2008 & the Singapore Environmental & Social Reporting Awards (SESRA) luncheon are carbon-neutral events.

This half-day conference will highlight the resources and initiatives that promote corporate Singapore's transition to a low-carbon economy and also examine the key issues surrounding the business need to take action in enhancing their sustainability, growth and competitive advantage. The SESRA luncheon will also reward companies in Singapore which have made a commitment to greater transparency on the environmental and social impacts of their operations.

"ACCA is continuously pushing the sustainability agenda. It's therefore appropriate for our conference to take the lead role in being a carbon neutral event to fight climate change," said Penelope Phoon-Cohen, Country Head of ACCA Singapore. "We urge all businesses to incorporate sustainability into their organizational strategies as this will be critical towards their longer term economic viability and ensure they meet their various stakeholder commitments."

"ACCA already recognizes the need to promote sustainable development in countries like Singapore. By reducing its own climate impact, ACCA is practicing the corporate social responsibility message it advocates," said Eric Carlson, Executive Director of Carbonfund.org. "We're proud to help make the 2008 ACCA Sustainability Conference and SESRA a CarbonFree Event."

About ACCA

ACCA is the largest and fastest-growing global professional accountancy body with 122,000 members and 325,000 students in 170 countries. We aim to offer the first choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA has been actively involved with the unfolding debate on sustainability issues such as corporate social responsibility, sustainability reporting and climate change since 1990. We are involved in reporting awards in more than 20 countries including Europe, Africa and the Asia Pacific region.

We aim to help businesses and organizations realize the growing importance of sustainability to them, and we have launched a number of high profile initiatives, including:

"¢ The ACCA Awards for Sustainability Reporting
"¢ Research projects covering topics such as corporate governance, ethics, the OFR and diversity, and
"¢ Collaboration with sustainability-related organizations such as Transparency International, GRI, FTSE Group and FEE to drive forward the sustainability agenda

In Singapore, we aim to support businesses in realising the growing importance of sustainability and hope to further this important issue through dialogues, researches, conferences and the SESRA awards scheme.

About Carbonfund.org

Carbonfund.org is one of the country's leading carbon reduction and offset organization, making it easy and affordable for individuals, businesses and organizations to reduce their climate impact. Carbon offsets enable individuals and businesses to reduce the carbon dioxide emissions that they are responsible for in their everyday lives by supporting high-quality verified renewable energy, energy efficiency and reforestation projects. Carbonfund.org works with over 400 corporate and non-profit partners including Discovery, Volkswagen, Dell, Orbitz, Environmental Defense, and Lancôme.

Carbonfund.org

Carbonfund.org

Carbonfund.org (www.carbonfund.org) reduces the threat of climate change by making it easy and affordable for any individual or business to reduce their carbon footprint and support climate-friendly projects. With its easy-to-use calculator, low offset cost per ton of CO2, and certified offset projects, Carbonfund.org is proving that anyone can reduce their impact on climate change easily and efficiently. Carbonfund.org is a nationally recognized 501(c)(3) nonprofit business, and a member of the EPA's Green Power Network, the Chicago Climate Exchange, and Ceres. Carbonfree and "Reduce what you can, offset what you can't" are trademarks of the Carbonfund.org Foundation.

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