Earlier this week, in collaboration with CIMA, we brought together a panel of industry leaders on a webinar to discuss the intersection of sustainability and finance for ESG and CSRD implementation, specifically. The panel discussed the pivotal role of finance in double materiality and shared insights on: - CFO & CSO Collaboration: Sophie Graham from IFS emphasized the importance of strong relationships with finance teams. Areas of focus include risk management, disclosure, and strategic alignment. - Auditor Engagement: The panel discussed effective ways to engage with external auditors, ensuring transparency and accurate reporting. - Opportunity Generation: Dr Jeremy Osborn FCMA, CGMA, CPA (Aust.) from AICPA highlighted the need to view sustainability not just as risk mitigation but also as an opportunity for positive change. - Stakeholder Management: Jimmy Greer explored how finance plays a crucial role in meeting client and stakeholder needs. Examples include ESG reporting and impact assessments. - Regulatory Outlook: While the CSRD brings clarity, the speakers discussed the adaptability required by CFOs and how they should approach this regulation. - Strategic Approach: Sophie urged a shift in the conversation—beyond mere disclosure—to sustainable value creation. Finance rigor is essential for driving impact. Visit the AICPA & CIMA website to find out more and watch the webinar recording (subscription required): https://lnkd.in/gDknysYK. And look out for more webinars and events in collaboration with CIMA. #Finance #Sustainability #ESG #DoubleMateriality #BestPractices
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Should be a good session
⌛ Have you registered for our Reporting webinar tomorrow? You still have time, click here: https://lnkd.in/ee-uHFh4 📈 Reporting standards shifting from voluntary to mandatory. Our webinar highlights key requirements and practical insights and IFRS S1 & S2 essentials with real-world insights from industry experts. 📅 31 July 🕗 08:00 BST ⚙ Reporting is a vital step towards sustainable business and development, because you can't improve what you don't track. It can enhance risk management, support decision-making and increase stakeholder engagement, strengthening the long-term security and success of an organization. 🎤 Speakers: HIROSHI KOMORI, Member of the International Sustainability Standards Board (ISSB) Jaymeeni Patel, Finance Reporting Manager/Sustainability, Sainsbury's #a4swebinar
Sustainability in action webinar: reporting
accountingforsustainability.org
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Businesses are facing two perplexing issues: a shortage of accountants and looming ESG (environmental, social and corporate governance) reporting requirements. However, the solution may be at hand if we reframe these two issues into one. Should we task accounting teams with an evolving ESG reporting puzzle? Even while many struggle to maintain the staff required to meet existing expectations? Join us for a webinar in partnership with Accounting Today on December 12 to learn more. See below.
ESG & the accounting profession
accountingtoday.com
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Before the Christmas break IFAC published "Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control" to address the demand for high-quality sustainability reporting and to prepare professional accountants for mandatory international and jurisdictional reporting and assurance requirements. 👀 In case you missed it have a look: https://lnkd.in/eCwBVYzF This analysis highlights how : ✅ companies can integrate #sustainability information within their existing #internalcontrol and #governance frameworks ☑ professional accountants are ideally positioned to leverage existing internal control frameworks and apply them to sustainability information—enhancing both data quality and the connectivity of sustainability and financial reporting. See also IFAC's website (https://www.ifac.org/) and the ISSB’s Knowledge Hub which includes free resources for preparers to help them prepare for applying IFRS S1 and IFRS S2. 👉 https://lnkd.in/expsQGY8 #sustainabilityreporting ; #trust; #sustainabilityassurance; #professionalaccountant; #accountants ; #issb ;International Sustainability Standards Board (ISSB)
Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control
ifac.org
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Integrated internal control is of utmost importance but external controls must be separate for companies with highly material related parties.
Before the Christmas break IFAC published "Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control" to address the demand for high-quality sustainability reporting and to prepare professional accountants for mandatory international and jurisdictional reporting and assurance requirements. 👀 In case you missed it have a look: https://lnkd.in/eCwBVYzF This analysis highlights how : ✅ companies can integrate #sustainability information within their existing #internalcontrol and #governance frameworks ☑ professional accountants are ideally positioned to leverage existing internal control frameworks and apply them to sustainability information—enhancing both data quality and the connectivity of sustainability and financial reporting. See also IFAC's website (https://www.ifac.org/) and the ISSB’s Knowledge Hub which includes free resources for preparers to help them prepare for applying IFRS S1 and IFRS S2. 👉 https://lnkd.in/expsQGY8 #sustainabilityreporting ; #trust; #sustainabilityassurance; #professionalaccountant; #accountants ; #issb ;International Sustainability Standards Board (ISSB)
Building Trust in Sustainability Reporting: The Urgent Need for Integrated Internal Control
ifac.org
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Certified Management Accountant. Financial Modelling & Valuation Analyst. Equipment Finance, Capital Markets, Accounting, FP&A, Financial Reporting - USA & Canada
With the emerging and increasing mandatory Sustainability reporting requirements like European Union's CSRD, IFRS’ Sustainability Disclosure Standards and SEC’s newly instituted Climate Change Disclosure adopted in March 2024, companies have been scrambling to build the required reporting framework and infrastructure to enable compliance. These rules require companies to disclose information about the nature, scale, likelihood and/or timeframe of climate-related risks and risk management/carbon offsetting strategies in their Registration statements, Annual reports and Periodic reports (e.g Forms 10-K, Form 20-F). The question on the lips of many business executives is where do we start from? The IFAC has proposed that an integrated internal control environment, based on an integrated mindset, is the foundation for transitioning to a more sustainable business model. This is because in their view an integrated internal control environment establishes robust data collection, processes and controls. https://lnkd.in/ezTXURFr PwC have also provided great resources to help you better understand some of the reporting requirements and how you can begin to stare your company/clients towards compliance with these requirements. https://lnkd.in/e9hQ9TfV https://lnkd.in/enXARiwT Please lend your voice to this conversation via IMA | Institute of Management Accountants Sustainable Business Management Shared Interest Group (SIG), and share how you are, or intend to help your organization/clients begin their journey to building the frame work for Sustainability Reporting. Use the link below to join the conversation https://lnkd.in/eKpfpdUX #ima #cma #imasig #instituteofmanagementaccountants #sharedinterestgroup #accounting #sustainability #financialreporting #sustainabilityreporting #csg #csr #corporatecitizenship #futureofaccounting #futureoffinance #ifac #pwc #sec #coso
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Final Call: Join us for our insightful webinar series! Part 2: Understanding Non-Financial Reporting Assurance: Ensuring Transparency and Accountability Thursday, April 18 | 10-11am CET What to expect: ✅ Insight into the rising trends of global non-financial reporting and regulatory frameworks ✅ A clear breakdown of the assurance process for non-financial reporting ✅ A case study demonstrating the value of assurance in fostering transparency and accountability Meet Our Experts: Ryan Foo, Senior Technical Manager at TÜV Rheinland, is an authority in sustainability and supply chain auditing. With over 10 years in the field, his expertise spans ESG reporting, life cycle assessment, and standards such as ISAE 3000 and AA1000AS v3. As a GRI trainer, Ryan has also contributed to the translation of GRI guidelines. Natalie A., Global BD Manager, will be steering the conversation, ensuring a dynamic and informative session. Join us to gain critical insights and engage with our experts. 👉 Reserve your seat today! http://tuv.li/1kia #TÜVRheinland #Webinar #NonFinancialReporting #ESG #CSRD #Sustainability #Assurance #Transparency #Accountability
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Having an environmental, social, and governance (ESG) program allows companies to have a purposeful set of processes with relevant controls to address the needs of ESG-related information. Laurie Hoose, PMP, Senior Manager and ESG Practice Leader, and Jack Kristan, CPA, CIA, Partner, Risk and Accounting Advisory Practice at Plante Moran, share best practices for setting up an ESG program. #cpa #accounting #cpe #cpd #esg #esgstrategy
Setting Up an Effective ESG Program
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Sustainable Growth
Environmental, social, and governance (ESG) initiatives are becoming more important—and the need for organizations to report how their operations impact the world will only increase. For management accountants, it’s a strategic imperative that goes far beyond compliance and disclosure. That means accounting and finance professionals need to be well-versed in governance principles to address risks and align ESG objectives with a company’s long-term financial goals. Check out our Strategic Finance article to learn how the IMA Management Accounting Competency Framework can ensure your ESG reporting efforts are measuring up: https://lnkd.in/e8dxni_f #EarthDay #ManagementAccountant #sustainability
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Environmental, social, and governance (ESG) initiatives are becoming more important—and the need for organizations to report how their operations impact the world will only increase. For management accountants, it’s a strategic imperative that goes far beyond compliance and disclosure. That means accounting and finance professionals need to be well-versed in governance principles to address risks and align ESG objectives with a company’s long-term financial goals. Check out our Strategic Finance article to learn how the IMA Management Accounting Competency Framework can ensure your ESG reporting efforts are measuring up: https://lnkd.in/e8dxni_f #EarthDay #ManagementAccountant #sustainability
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Looking forward to our third episode in the series, which will help explain how industry based metrics can be used to support corporate disclosures in line with International Sustainability Standards Board (ISSB) #capacitybuilding
Join our webinar on Monday 9 September at 15:00 BST (London) / 7:00 PDT (San Francisco) about the benefits of industry-based disclosures for companies and investors. 📊 Episode 3 of our Perspectives on sustainability disclosure webinar series will explore why the #ISSB Standards require industry-based disclosures, how the SASB Standards are a useful tool for IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and more! Our lineup of panellists includes: - Verity Chegar, ISSB Member - Jessica Ground, Global Head of ESG, Capital Group - Mark Vaessen, Global Head of Corporate & Sustainability Reporting, KPMG - More to be announced! Moderated by: Mardi McBrien Register here: https://lnkd.in/eG6EJDjM #sustainabilitydisclosure #ISSBStandards #SASBStandards
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