Adapting to a changing climate: Getting more accountants engaged

What role can accountants play to help organizations adapt to climate change: to manage risk, identify and seize opportunities, and ensure these organizations become more resilient?

A new strategic initiative, sponsored by Chartered Professional Accountants of Canada (CPA Canada) and Natural Resources Canada and managed by the Network for Business Sustainability, says accountants are ideally positioned to be key contributors.

Global and local changes in temperature, frequency and severity of extreme weather conditions, as well as the availability of water and other natural resources are impacting organizations in Canada and around the world. These changes are giving rise to a variety of operational, financial, reputational, legal and regulatory risks — and opportunities.

As creators, enablers, preservers and reporters of sustainable value, accountants can make their organizations’ adaptation efforts more effective. Yet few resources exist for them to address these areas.

Case studies, tools and PD offerings in the works

The initiative, “Enabling Canadian Chartered Professional Accountants to Adapt to a Changing Climate and Emerging Operating Environment,” will create case studies, guidance on the application of existing accounting tools and numerous professional development opportunities — all based on an extensive research and stakeholder consultation.

You can expect more information about this exciting new initiative in the months ahead. In the meantime, if this is an area of interest to you or your organization, please contact: Monica Sood, principal, sustainability, Research Guidance & Support.