Sustainability Matters: ACCA asserts its stance on key sustainability policies

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Over the past 20 years the number of organisations at work to address their sustainability impact has improved considerably. This increase can be attributed to several factors including a broader, comprehensive understanding and acceptance of the links between economic activity and global sustainability issues; recognition of the risk management and economic benefits that organisations can gain from integrating sustainability into their strategies; and a growing demand from diverse stakeholders including customers, employees, investors and NGOs, for organisations to manage and monitor their processes in a more sustainable manner.

Whether working in the public practice or private sector, certified public accountants have a vital role to carry out in making organisations more accountable in the pursuit of sustainable development. According to ACCA’s new policy paper called Sustainability Matters, accountancy professionals are skilled and highly analytical, in other words, accountants are well positioned to assistance organisations transform into more accountable entities. The new policy paper collates ACCA’s thinking on a series of six business and sustainability-related issues which are namely: sustainability reporting; integrated reporting, the assurance of non-financial reporting and disclosure; climate change; natural capital and the green economy. The paper collates ACCA’s thinking on six sustainability-related issues: sustainability reporting; integrated reporting, the assurance of non-financial reporting and disclosure; climate change; natural capital and the green economy. The purpose of the new sustainability policy paper is to articulate and communicate the relevance of sustainability issues for the business community and the accountancy profession.

“ACCA places sustainability at the core of business and the accountancy profession.” – Karen Smal, Acting Head of ACCA South Africa

The shift to a sustainable economy will require significant changes in the way which goods and products are consumed. Businesses that want to decrease the environmental and social impacts can only managed what they measure. It is thus vital to ensure that organisations collect reliable data so that performance can be monitored and targets for improvements set. ACCA is capable to influence global sustainability concerns as well as contribute to the development of viable solutions in various ways. Through the ACCA qualification, students are taught about the sustainability risks and opportunity facing organisations. It undertakes a wide variety of research into how accountants and finance professionals can contribute in the shift to a sustainable economy and also works with governments, standard setters and regulatory bodies to ensure that standards and codes of practice concerned with corporate sustainability are fit for purpose. The document offers great insight and provides understanding regarding why sustainability matters to you too.

 

Over the past 20 years the number of organisations at work to address their sustainability impact has improved considerably. This increase can be attributed to several factors including a broader, comprehensive understanding and acceptance of the links between economic activity and global sustainability issues; recognition of the risk management and economic benefits that organisations can gain from integrating sustainability into their strategies; and a growing demand from diverse stakeholders including customers, employees, investors and NGOs, for organisations to manage and monitor their processes in a more sustainable manner.

Whether working in the public practice or private sector, certified public accountants have a vital role to carry out in making organisations more accountable in the pursuit of sustainable development. According to ACCA’s new policy paper called Sustainability Matters, accountancy professionals are skilled and highly analytical, in other words, accountants are well positioned to assistance organisations transform into more accountable entities. The new policy paper collates ACCA’s thinking on a series of six business and sustainability-related issues which are namely: sustainability reporting; integrated reporting, the assurance of non-financial reporting and disclosure; climate change; natural capital and the green economy. The paper collates ACCA’s thinking on six sustainability-related issues: sustainability reporting; integrated reporting, the assurance of non-financial reporting and disclosure; climate change; natural capital and the green economy. The purpose of the new sustainability policy paper is to articulate and communicate the relevance of sustainability issues for the business community and the accountancy profession.

“ACCA places sustainability at the core of business and the accountancy profession.” – Karen Smal, Acting Head of ACCA South Africa

The shift to a sustainable economy will require significant changes in the way which goods and products are consumed. Businesses that want to decrease the environmental and social impacts can only managed what they measure. It is thus vital to ensure that organisations collect reliable data so that performance can be monitored and targets for improvements set. ACCA is capable to influence global sustainability concerns as well as contribute to the development of viable solutions in various ways. Through the ACCA qualification, students are taught about the sustainability risks and opportunity facing organisations. It undertakes a wide variety of research into how accountants and finance professionals can contribute in the shift to a sustainable economy and also works with governments, standard setters and regulatory bodies to ensure that standards and codes of practice concerned with corporate sustainability are fit for purpose. The document offers great insight and provides understanding regarding why sustainability matters to you too.