Accounting for Climate Change
CIMA’s report on how management accountants can help organisations mitigate and adapt to climate change discusses it as a strategic business imperative, barriers to change, and best practices for management accountants.
The publication details how failure for management accountants to get involved now, when key decisions are being taken in areas like carbon trading and compliance with new climate change related regulations, could result in far higher costs, lost opportunities or reduced competitiveness.
Also included: tips for the organisation, the finance team, and the management accountant’s role in tackling climate change.
For more information, also see: Cathay Pacific Case Study: Fuel efficiency projects and airmiles carbon offsets