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Episode 6: Adapting to new sustainability reporting standards

Shreya Verma Mair, CPA, discusses the need for companies to get up to speed on their environmental, social and governance (ESG) reporting and the role the CPA can play in this evolution.

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On this episode, Shreya Verma Mair, CPA, senior associate at ESG Global Advisors discusses the launch of the new International Sustainability Standards Board (ISSB) sustainability disclosure standards and their impact on sustainability reporting. While for many, this is seen as a major and unsettling shift in the way we manage reporting standards that may cause panic, Verma Mair says this is an opportunity for CPAs – if they’re prepared.

Verma Mair believes that it is imperative for CPAs to get up to speed with ESG insights and scenario modelling to understand how climate risks can impact company value. As companies are required to merge sustainability reporting with their financial disclosures, it will be up to CPAs to lead that charge and work with other professions like actuaries and engineers to better quantify climate-related risks.

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Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not necessarily reflect those of CPA Canada