AICPA, CIMA Release Climate Accounting Tool 

The Association of International Certified Professional Accountants (AICPA) has launched an online educational tool to help finance professionals build their sustainability literacy. The tool, Accounting for Climate Resilience, is the last of four in a series of “Accounting for” briefs, which include Accounting for the Sustainable Development Goals, Accounting for Carbon, and Accounting for Nature. Dr Martin Farrar, Associate Technical Director at AICPA & CIMA, said: “Finance professionals are at the heart of business and therefore are well-placed to help create resilient business models and implement strategies for organisational sustainability in a changing world. They have connections within the business and can join the dots with stakeholders outside the business to start conversations about what resilience looks like in relation to the risks posed by the climate emergency.” Last week, law firm ClientEarth revealed that it had written to the world’s six largest accounting firms to warn that they are failing on their commitments to improve how climate change is addressed in financial reporting and audit.  

 

 

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