Climate Change

This rapidly growing role spans every area of an organization, from corporate strategy to disclosure.

As organizations work toward becoming net zero and meeting the requirements of the Paris Agreement, jobs that help foster corporate sustainability are becoming more common, especially in the financial sector. One such position is the chief sustainability officer (CSO).

What CPAs should know about the conference’s discussions that covered net-zero economies, a carbon market deal and reforestation strategies

Investors are demanding better reporting on ESG issues and a new sustainability standard setter may deliver what’s required.

As firms rush to implement climate change and ESG principles, questions on pay and incentive arise. Recent research advises caution and offers guidance.

Researchers have come up with a new model to estimate carbon capture by trees enabling more accurate sustainability reporting.

Anne Adrain summarises the latest update from the IFRS Foundation on developments in sustainability reporting.

The IFRS Foundation Trustees (Trustees) took the opportunity during the finance-themed session at the global climate summit, COP26, to announce three significant developments on the future of sustainability standard setting.

Anne Adrain, Head of Sustainability and Reporting at ICAS, explains how CAs are crucial to the fight against climate change and why ICAS is committing to net zero.

The arrival of November means the 2021 United Nations Climate Change Conference, better known as COP26, is finally taking place. It couldn’t have come at a more opportune time. August’s IPCC report highlighted the severity of the dangers posed by climate change. If we are unable to limit the rise in global temperatures to 1.5°C, the report states, there will be lasting damage to the planet. For the first time, the IPCC also made explicit the link between climate change and human activity.

So, who will be the winners of this race?

All of us, we hope, if the various world leaders that descend on Glasgow in November step up the pace in the race for the preservation, and survival, of the human race.

The issue of climate change is at the forefront of the minds of many investors and other stakeholders as its impacts are becoming increasingly apparent. The IAASB has recognised that climate change is likely to have some impact on most, if not all, entities and, as a result, has implications for auditors.

A new short film launching today entitled Our Planet: Our Business by conservation and environmental organisation WWF is challenging business leaders to fully recognise the critical link between nature and business prosperity and the critical role the private sector must play in tackling these threats.