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Nature is everybody’s business. Learn more about the GAA’s call for the accounting profession to address the crises in climate, nature loss and social inequality.
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We recognise that our planet is being impacted by a three-fold crisis of a climate emergency, dramatic nature loss, and rising social inequality. Addressing this will require integrated thinking as companies reallocate resources, reorientate production and reimagine their business models. We all depend on nature but it is the poorest in the world that are disproportionately affected by its loss and impacted by climate change.
As organisations build their climate emergency literacy, including their contribution towards achieving carbon neutrality, they must also turn their attention to the nature crisis. At the UN Convention on Biological Diversity (CBD) COP15 in April/May 2022, the world has the opportunity to adopt a transformative international agreement on nature, and businesses must be part of the solution going forward.
Nature is everyone’s business. Every business relies on nature for resources and ecosystem services such as water, food, fiber, minerals, pollination of crops, water filtration and climate regulation, in their own operations, supply chains and for their employees and customers. Protecting nature within these ecosystems is foundational and critical to long-term human well-being, healthy societies, and resilient economies.
Governments, policy makers, and businesses must adopt policies now to reverse the process of nature loss in this decade. We call upon the accountancy profession to act now, by helping the organisations they work with to protect, restore, and sustainably use our natural resources. Here’s how:
Role of the accountancy profession
We, as finance and accounting professionals, have an important role to play in this context.
As accountants, we are well placed to make a difference. We have the skillsets and knowledge in organisational governance, strategy, risk management and performance, to support sustainable decision-making through our business analysis, and assurance of both financial and non-financial data.
The member bodies of the GAA advocate and support the protection and restoration of nature through businesses’ finance activities and investment decisions. We all add our voices to call for collective and global ambition by signing the Call to Action ‘Nature is Everyone’s Business’.
With a vital role to play, professional accountants should commit to helping reverse the process of nature loss by:
As the chief executives of global professional accountancy bodies, we commit to:
Together the accountancy profession and our members have a crucial role to play in the protection, restoration, and sustainable use of our natural resources. Nature is everyone’s business.
WHO HAS SIGNED THE STATEMENT?
November 6, 2023
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November 13, 2023
Come and join hundreds of accounting and finance professionals who are committed to creating an inclusive and equal profession, just like you.
November 22, 2023
On November 21, the Deputy Prime Minister and Minister of Finance released the federal government’s 2023 Fall Economic Statement (FES), which contained some new tax announcements along with an update on previously announced tax measures.