Sustainability: A new Member News topic

Beginning with this issue, Member News is offering readers an additional topic — sustainability. Although sustainability is not new territory for the profession, we’re giving it greater prominence.

To introduce you to this feature — and so that you can receive the latest related articles and resources — we’ve added sustainability to your Member News preferences for this and future issues. As with any of your preferences, you can alter this at any time.

One strategic priority within sustainability is, of course, climate change. As creators, enablers, preservers and reporters of sustainable value, CPAs have a unique skillset that allows them to:

  • identify risks and opportunities
  • support organizational strategy and risk management
  • develop scenario analysis, financial estimates, and projections

We want to ensure CPAs also have the tools and resources they need to support organizations and clients seeking to place sustainability at the core of their overall strategy.

CPA Canada’s sustainability offerings include:

  • briefs that describe how climate change impacts organizations, and how CPAs can address these impacts
  • case studies that illustrate how Canadian organizations, across a variety of sectors, are responding to the challenges of climate change impacts
  • videos, such as the one narrated by CPA Canada’s President and CEO Joy Thomas
  • sustainability and integrated reporting resources

Why climate change?

CPA Canada and its legacy bodies recognized early on the business and financial implications of climate change. We are a founding member of the Global Reporting Initiative and have been advocating for enhanced reporting and other initiatives to address climate change matters for 20 years.

We have been involved with the landmark Accounting for Sustainability Project (A4S) launched in 2004 by the Prince of Wales, and are a member of the International Integrated Reporting Council. And at the United Nations Climate Change Conference (COP 21) held in Paris late last year, we, along with other global accounting bodies, signed an open letter to world leaders seeking action on climate change.

More recently, Prime Minister Justin Trudeau announced the Government of Canada’s commitment to provide national leadership in this area by joining forces with the provinces and territories to take action on climate change, put a price on carbon, and reduce greenhouse gas emissions.

Sustainability strategies and practices require collaboration and multi-disciplinary teams. CPAs can be the critical link between the finance team and other departments across the organization.