On Tuesday 25 February, 14 professional accountancy bodies, including the Association of Chartered Certified Accountants (ACCA) and the International Federation of Accountants (IFAC), representing more than 2.5 million professional accountants and students in 179 countries, called for the accounting profession to take action to help the organisations it works with to respond to climate change.
The declaration was developed as part of the Prince of Wales’s Accounting for Sustainability Project (A4S) project, and has been signed by 13 chief executives. It sets out a number of clear actions for accountants to take, i.e.: - use and implement existing reporting frameworks for climate-related financial information; - contribute to the efforts of the organisations they work with to integrate climate change risk into organisational strategy, finance, operations and communications; - support sustainable decision-making within these organisations by allocating budgets and resources, and by developing high-quality information and insights.
The signatories undertake to provide their members with the training and support they need to apply their skills to this challenge, support relevant policy initiatives, and provide advice to help governments to create the regulatory infrastructure necessary for a just transition to a net zero carbon economy.
To read the statement, go to: https://bit.ly/2Vm17yg (Original version in French by Marion Fontana)