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ACCA’s chief executive signs global call to action statement in response to climate change

Date

25 Feb 2020

Sections

InfoSociety
Climate & Environment
The Prince of Wales’s Accounting for Sustainability Project (A4S) unites professional bodies in an urgent call to action

Helen Brand, the chief executive of ACCA (the Association of Chartered Certified Accountants) has joined forces with chief executives of other professional bodies in a call to urge the global accountancy profession to act now to respond to climate change with the scale and urgency needed.

Organised by A4S, the call to action statement has been signed by 13 chief executives representing 14 accounting bodies representing over 2.5 million accountants and students globally. Each body is a member of A4S’s Accounting Bodies Network (ABN).

The statement lists four clear actions for accountants:

·         Provide sound advice and services as organisations, capital markets, and governments develop and implement plans for climate change mitigation and adaptation.

·         Use and implement existing and developing reporting frameworks such as those from the International Integrated Reporting Council and the Task Force on Climate-related Financial Disclosures.

·         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 the organisations they work for by allocating budgets and resources, and by developing high quality and timely information and insights through measurement and disclosure, built on robust and transparent accounting systems.

Helen Brand comments: ‘This is a call to action not just for accountants, but also for the professional bodies of which they are members – we all have an immense role to play here, and alongside my colleagues we all sign up to three proactive commitments that will help our members and future members rise to the challenge.’

These commitments are:

·         Provide our members with the training, support and infrastructure they need to apply their skills to the challenge.

·         Support relevant market-based policy initiatives and incentives, consistent and well-considered regulation, and more useful disclosure.

·         Provide sound advice to help governments to create the policy and regulatory infrastructure necessary for a just transition to a net zero carbon economy.

Helen Brand concludes: ‘Solutions to the challenge need a global response at many levels, and accountants along with their professional bodies have a significant role to play. Professional accountants, with their unique training in reporting on CO2 emissions to measuring social impact, means they have the skills, judgement and data-informed view of business that can help in this effort to forge better sustainable behaviours.

‘ACCA is responding to this by ensuring that we support members and students with the relevant skills and ongoing professional development to become climate change leaders within their organistions. We know that our members, with their strong ethical technical rigour, using the power of finance, can make a serious contribution to the climate challenge and we are determined to be there for them.’

The full list of global bodies which have signed up to the call to action is: 

·         Association of Accounting Technicians (AAT)

·         Association of Chartered Certified Accountants (ACCA)

·         Association of International Certified Professional Accountants (the unified voice of AICPA and CIMA)

·         Chartered Accountants Australia and New Zealand (CAANZ)

·         Chartered Accountants Ireland (CAI)

·         Consiglio Nazionale dei Dottori commercialistie degli Esperti Contabili (CNDCEC)

·         CPA Australia

·         CPA Canada

·         Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW)

·         Institute of Chartered Accountants in England and Wales (ICAEW)

·         Institute of Chartered Accountants of Scotland (ICAS)

·         International Federation of Accountants (IFAC)

·         Japanese Institute of Certified Public Accountants (JICPA)

·         Regnskap Norge/Accounting Norway

More details on the campaign are here:

http://www.accountingforsustainability.org/abn-climate-action

Further details on the ABN can be found here:

http://www.accountingforsustainability.org/abn

- Ends -

For media enquiries, contact:

Helen Thompson, ACCA Newsroom

Helen.thompson@accaglobal.com

+44 (0)7725 498654

Twitter: @ACCANews

www.accaglobal.com

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.

Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com

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