The Association of Chartered Certified Accountants (ACCA) has launched a business hub coinciding with Earth Day which will provide a central resource on sustainability issues for accountants
The online global hub named ‘Rethinking Sustainable Business’ will go live on Earth Day, 22 April 2021, and will be a key resource on environmental and sustainability issues, offering professional insights, statements, research, news and webinars all relating to the United Nations (UN) Sustainable Development Goals (SDGs).
Leading up to the COP26 in November 2021, ACCA say this will be the place for their members to go for advice, guidance, and direction on themes surrounding sustainability such as biodiversity impact, stakeholder reporting, legal risks and risk management, environmental taxation considerations and financial reporting on carbon assets, and will be a permanent part of the ACCA going forwards.
The business hub was launched as ACCA believes the accountancy profession is an essential part in making an impactful change for the environment because their work in reporting on CO2 emissions to measuring social impact, the skills, judgment and all-round, data-informed view of business possessed by professional accountants means that they have a vital role in this effort.
Mike Suffield, director, professional insights at ACCA said: ‘Our new Rethinking Sustainability Hub is a core resource for our members, future members, the wider accountancy profession and others to better understand sustainability issues, especially in the run up to COP26 in November. It’ll contain all our latest thinking, news and webinar details to get involved.
‘For well over two decades, ACCA has long been a champion of sustainability, working to identify the many ways accountancy plays in a more sustainable future, and also most recently through making our own commitment to the delivery of the UN SDGs.’
At the New York Climate Action Week last September, ACCA and the International Federation of Accountants (IFAC) organised a webinar called ‘Creating value in a climate emergency: recovery, resilience, and the transition.’ The webinar focused on discussing the best practices for a sustainable recovery from the pandemic and explored the role of business and accountancy in addressing the global climate emergency.
The webinar featured Mark Carney, COP26 finance adviser and UN special envoy on climate action and finance, who said that one of the aims of COP26 was to ensure we have the framework in place so that “every financial decision can take climate change into account”.
Helen Brand, ACCA’s chief executive said: ‘Mark Carney concluded his speech by saying that the accountancy profession is “absolutely essential” in achieving climate action and building a sustainable recovery.
‘And that’s because clear and consistent accounting standards and disclosures, which are understood by business and investors alike, are an essential part of the urgent policy solutions needed to tackle climate change. This is where the accountancy profession can bring its expertise into play, with its technical skills and knowledge to measure and report on progress related to climate disclosures and the UN SDGs.’
The hub will be available to ACCA’s 227,000 fully qualified members and 544,000 trainees worldwide.