CIMA’s case study explores how a sustainability strategy is an evolving set of practices that can enhance engagement with internal and external stakeholders.
- Support from top management is crucial to the effective implementation of a sustainability strategy.
- Sustainability strategy has the ability not only to change internal practices but also to change relationships with external stakeholders, such as suppliers.
- Climate change initiatives are an important but partial element of a comprehensive sustainability strategy.
- Carbon management and integrated financial and non-financial reporting are some of the current issues affecting the development and implementation of sustainability strategy. This provides potential ‘space’ for management accountants to become involved in sustainability strategy.