![]() Date: 2024-08-16 Page is: DBtxt003.php txt00026300 | |||||||||
MANAGEMENT THOUGHTS
Chartered Accountants Worldwide Network USA Some Management Dialog from the CAW website links Original article: Peter Burgess COMMENTARY Peter Burgess | |||||||||
SUSTAINABILITY AND SDGs
Corporate Social Responsibility – A Global Call to Action CAW Network USA hosted this webinar to offer lessons in what Corporate Social Responsibility is and how to implement CSR into an organization. 30% of students consider sustainability in college selection – March 2023 For colleges and universities across the US, much like the accountancy profession, understanding the motivations and drivers of future generations and incoming talent is vital. How the circular economy is becoming key to corporate longevity As customers become more aware of their personal carbon footprint, they’re causing organizations to take a cold, hard look at their operations—and make some changes. Climate change has become a driving force in the way companies operate, and consumers and stakeholders are largely behind the push, experts say. As they become more aware of their carbon footprint, people are adjusting their behaviour accordingly—and organizations are catching up. insight The Finance+ insight series ICAS has something new for 2022. The Finance+ insight series helps put you in the bigger picture, exploring the key issues and opportunities for today’s finance professional. Recent events have revealed the need for resilience and the readiness to grasp new ways of thinking, living and working. They have also shown that with change comes opportunity and demonstrated the role ICAS Members can play in shaping a better future for us all. Why the chief sustainability officer is becoming more common 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). On the radar: Key accounting themes from COP26 What CPAs should know about the conference’s discussions that covered net-zero economies, a carbon market deal and reforestation strategies investing ESG momentum presents an opportunity for CPAs, experts say As investor attention shifts, sustainability reporting is gaining ground Chain reaction Pressure is growing for firms to demonstrate that they are operating responsibly. Ryan Herman hears how formalising the supply chain audit and harmonising ESG reporting could be the missing pieces. Electric dreams The electric vehicle revolution is finally charging ahead. EDF’s Ren Baletti CA tells Ryan Herman why the utility giant will be powering the UK’s transformation towards a zero-emissions economy. All systems go From rainforest economies in Brazil to tackling plastic pollution in Indonesia, systems change company Systemiq confronts some of the planet’s most urgent challenges. CFO Andrew Morrow CA explains why accountants play a crucial role. CAs will bring about lasting change by embracing sustainability Anne Adrain, Head of Sustainability and Assurance, says now is the time for CAs to spread their ESG skills throughout the business sector. What can we do for small business in South Africa? As SAICA members, we should and can do more to support and develop small businesses and entrepreneurs in South Africa if we are to outlast and outperform this crisis and boost our economy. The Human Cost of Doing Business Sarah-Jayne Dominic CA, Senior Strategic Advisor at the Global Reporting Initiative and Chair of the ICAS Sustainability Panel, says accountancy should acknowledge the human cost of doing business The Consideration of Climate-Related Risks in an Audit of Financial Statements 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. CAs making a difference with AfID “I’m deep in the heart of Guatemala, sitting in a courtyard overlooking the mountains, watching people coming and going from the local market,” describes retired finance director Agnes Kidd CA. Finance & Business2030 to launch in South Africa Finance & Business2030, an initiative that brings together finance professionals and business leaders to work towards achieving the UN Sustainable Development Goals, will launch in Johannesburg this week. Uniting the finance and business community to achieve the UN’s Sustainable Development Goals by 2030 One Young World (OYW) and Chartered Accountants Worldwide (CAW), in collaboration with the South African Institute of Chartered Accountants (SAICA), will be launching Finance and Business (FinBiz) 2030 in Johannesburg, South Africa on 6 February 2020 at Investec. Reflections from Davos The World Economic Forum always proves to be an annual highlight for anyone privileged enough to attend. At no other event do you find a gathering of such senior figures from business, politics, media and even the arts – all willing to exchange ideas and views in such a concentrated period of time. A cohesive and sustainable world Last year’s manifesto identified the evolving Fourth Industrial Revolution (4IR) as a time of fundamental transformation and called for a redesign of the processes and institutions which have until now served us well, maintained peace and delivered progress. WWF launches Our Planet: Our Business as the Netflix series inspires businesses to tackle urgent environmental challenges 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. A fair trade model for the B2B sector: how finance can apply innovation to tackle UN SDGs After the launch of Finance & Business 2030 conference in London, Chartered Accountants Worldwide surveyed more than 120 delegates for their thoughts and reactions following the event which featured finance and business professionals discussing ways to develop a plan of action towards achieving the goals. FinBiz2030 is a joint initiative between One Young World, Chartered Accountants Worldwide and the City of London.
CLIMATE CHANGE
Starting a sustainability reporting revolution Investors are demanding better reporting on ESG issues and a new sustainability standard setter may deliver what’s required. Why the chief sustainability officer is becoming more common 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). On the radar: Key accounting themes from COP26 What CPAs should know about the conference’s discussions that covered net-zero economies, a carbon market deal and reforestation strategies reporting Starting a sustainability reporting revolution Investors are demanding better reporting on ESG issues and a new sustainability standard setter may deliver what’s required. Getting ESG and CEO incentives right As firms rush to implement climate change and ESG principles, questions on pay and incentive arise. Recent research advises caution and offers guidance. Another step towards more accurate sustainability reporting Researchers have come up with a new model to estimate carbon capture by trees enabling more accurate sustainability reporting. 2022 What to expect from 2022 – Part 2 In Part 2, ICAEW Chief Executive and Chair of Chartered Accountants Worldwide, Michael Izza, discusses non-financial reporting, public sector finances, and the big tech trends of 2022. 2022 What to expect from 2022 – Part 1 In the first of a two part series, ICAEW Chief Executive and Chair of Chartered Accountants Worldwide, Michael Izza, looks at the biggest issues facing business and the wider economy, with help from experts from around the Institute. Climate right for new ISSB 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. Why CAs are crucial to the fight against climate change 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. The race is on to put climate change centre stage 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 Consideration of Climate-Related Risks in an Audit of Financial Statements 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. WWF launches Our Planet: Our Business as the Netflix series inspires businesses to tackle urgent environmental challenges 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. |