Today’s global launch is an initiative of The Prince of Wales’ Accounting for Sustainability (A4S) Project Accounting Bodies Network (ABN).
Representing over 300,000 accountants globally, CA ANZ and CPA Australia acknowledge the impact of climate change and the urgency of taking national and international action to achieve net zero emissions.
Climate change is an economic risk. The accounting profession plays a significant role in tackling the challenges created by climate change. Accountants work in every sector of the economy. Achieving net zero emissions requires the skills and knowledge of accounting professionals, who are eager to help chart a course of action.
CA ANZ and CPA Australia have pledged to achieve net zero greenhouse gas emissions within their own organisations and to provide sound advice to governments for a just transition to a net zero emissions economy.
We have also committed to providing training and guidance to our members to support them in reducing greenhouse gas emissions in their own organisations and businesses.
CA ANZ Chief Executive Ainslie van Onselen said, “The pandemic has been a living example of the significant impact that non-financial risks can have on businesses and global economies. Climate change is a non-financial risk that is no longer an issue on the horizon, it’s here and now. CA ANZ is committed to equipping members to meet these new challenges. As customers and investors increasingly consider sustainability in their decision making, the accounting profession is well placed to support a just transition.”
CPA Australia Chief Executive Andrew Hunter said, “The accounting profession occupies a privileged position in the global economy. As trusted advisers, we’re privy to deep business insights about sustainability risks and opportunities. This knowledge creates an obligation to use our skills to protect our environmental heritage. CPA Australia is a global organisation in a global profession and we’re proud to be part of the global response to climate change.”
Executive Chairman of A4S Jessica Fries said, “The accounting bodies making this commitment are showing leadership in the fight against climate change. Accountants who work for the good of their businesses, and serve the public interest, have always been the backbone of stable economies. This commitment brings us closer to building a sustainable world.”
The importance of today’s launch is underscored by the Intergovernmental Panel on Climate Change’s (IPCC) Sixth Assessment Report, which revealed that Australia’s climate warmed by around 1.4oC between 1910 and 2020. The economic impact of climate change is also gaining attention in the lead-up to the United Nations Climate Change Conference (COP26) next month.
Chartered Accountants Australia and New Zealand and CPA Australia are members of The Prince of Wales’ Accounting for Sustainability Accounting Bodies Network. This network represents over 2.5 million professional accountants and students across 179 countries. Twelve ABN members have signed the Net Zero Commitment. Read the Commitment here.
Daniel Webster, Chartered Accountants Australia and New Zealand
DDI +64 4 474 7862
M +64 27 282 6253
Chartered Accountants Australia and New Zealand
Chartered Accountants Australia and New Zealand represents more than 130,000 financial professionals, supporting them to make a difference to the businesses, organisations and communities in which they work and live. Chartered Accountants are known as Difference Makers. The depth and breadth of their expertise helps them to see the big picture and chart the best course of action. CA ANZ promotes the Chartered Accountant designation and high ethical standards, delivers world-class services and life-long education to members and advocates for the public good.
CPA Australia is Australia’s leading professional accounting body and one of the largest in the world. We have more than 168,000 members in over 100 countries and regions, supported by 19 offices globally. Our core services include education, training, technical support and advocacy. CPA Australia provides thought leadership on local, national and international issues affecting the accounting profession and public interest. We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out more at cpaaustralia.com.au.