đż Global Accounting Alliance Launches New Guide: âWhy Nature Matters to Accountantsâ
The Global Accounting Alliance (GAA) has just released an insightful new guide titled "Why Nature Matters to Accountants", aiming to shift how the accounting profession views nature and sustainability. This guide highlights the urgent need for accountants
đ± Why it matters
Nature is no longer just an environmental concernâitâs becoming a material business issue. Biodiversity loss, climate risks, water scarcity, and deforestation are impacting supply chains, operations, and regulatory landscapes worldwide. For accountants, this means nature-related risks must be identified, measured, and reported, just like any other financial risk.
đ The accountantâs role
Accountants are essential in helping organizations move toward sustainable, nature-positive business models. From integrating nature into financial planning and disclosures, to advising on ESG strategies and helping businesses meet new reporting standardsâaccountants can be key drivers of change.
đ What the guide offers
The GAA guide provides practical insights into:
- Why nature is financially material to business
- How accountants can integrate nature into existing frameworks
- Key nature-related disclosures and global standards (like TNFD)
- Case studies and examples from real-world businesses
đ A future-focused profession
As demand grows for transparency and accountability on environmental impacts, accountants must evolve. This guide encourages professionals to go beyond traditional metrics and become strategic advisors in building resilient, sustainable businesses.
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