ICAEW.com works better with JavaScript enabled.

Climate

What's the role of the accountancy profession?

The transition to a net zero future is one of the biggest challenges – and opportunities – facing business and the profession today. Accountants have a vital role to play in helping organisations navigate this change, from managing risks to identifying new opportunities. Explore insights, guidance and practical tools to help you build effective transition plans and support your organisation on the path to net zero.

 

Explore climate

Leadership  |  Emissions reduction  |  Climate finance  | 
Climate reporting

Featured content

Climate for SMEs: where to start, how to mitigate the effects of climate change and adapt into the future.

Visit hub
A person with their arms folded gazing out of a window
Featured content

Net Zero Accountancy Protocol

Professional bodies collaborate to develop a sector-specific guide to help accountancy firms reach net zero.
Watch
Smoking chimney

Leadership

office meeting room man and woman colleagues brainstorming making notes on glass panel window yellow post-it notes 23 Jan 2024
The role of boards in reaching net zero

The non-executive board and the task of the net-zero transition are perfect bedfellows, according to Chapter Zero's Chief Executive.

article
system change not climate change 24 March 2023
Skidmore report corroborates ICAEW’s key messages

In January 2023, former Energy Minister Chris Skidmore published his Net Zero Review, making 129 recommendations all geared towards maximising economic investment, opportunities and jobs.

Report
Wind farm 28 Jul 22
Powering the labour market

The report finds that expanding solar and wind power has the capacity to create thousands more secure and skilled jobs across the whole of the UK, helping to reduce the cost of living, improve energy efficiency and advance the levelling up agenda.

Video
Evelyn Acham 17 Nov 2021
What it’s like being a climate activist in Uganda

The world needs activists to bring the biggest problems into stark relief, argues Evelyn Acham – the more the better.

Video
Adair Turner 11 Nov 2021
Adair Turner: The mistakes we’ve made on climate, and where to focus now

The inaugural chair of the Climate Change Committee explains how the climate crisis breaks down into two distinct problems and discusses our chances of resolving them.

Video
Michael Izza 3 Nov 2021
Michael Izza on the role of chartered accountants in tackling the climate crisis

Michael Izza, former chief executive of ICAEW, tells chartered accountants how they can use their skills and experience to fight the climate crisis.

Article
Aerial shot above a circular fish farm in a loch, Scottish Highlands, United Kingdom 05 Oct 2021
Let’s hear it for the blue economy

The oceans capture carbon, regulate temperatures, and protect from severe weather events. They are also our heroes in helping us achieve the sustainable development goals so let’s applaud them.

Emissions reduction

Article
Hand holding compass 11 April 2024
TPT publishes guidance on securing transition finance

Expert body’s final batch of advice provides companies in every sector with insights on how to attract investment to support their journey to net zero.

Article
A road stretching over turquoise water 27 March 2024
Carbon border adjustment mechanisms: a tool for global decarbonisation

Make sense of carbon leakage, global emissions, and the new trade policy that could reshape how the world tackles climate change.

Article
Smoking chimney 19 Dec 2023
UK announces introduction of carbon border adjustment mechanism

A carbon pricing mechanism for imports will be implemented by 2027 to support decarbonisation.

Article
Smokestacks 20 Sept 2023
How will the EU carbon border adjustment mechanism affect UK businesses?

The EU's carbon border adjustment mechanism enters its transitional phase on 1 October 2023, meaning that UK businesses exporting to the EU must prepare for the changes.

video
image of wooden blocks staked together for the Grunberg video article 24 Feb 2023
Grunberg goes net zero

Learn how Grunberg & Co Chartered Accountants have set a path for net zero by 2030

Article
A still-frame from the video, showing a plane taking off. 18 Jan 2023
UK government’s Net Zero Review touts business incentives

Tax incentives, a Help to Grow Green campaign for SMEs and reforms of the planning system are among the 129 recommendations made by Net Zero Review Chair, Chris Skidmore MP.

Article
cycle to work 15 September 2022
10 Carbon Reduction Tips For Your Business

Net Zero Now have compiled a list of the top things you can do in your business or practice to reduce your carbon impact.

Article
Electric car being charged 4 January 2022
The tax-efficient benefits of electric company cars

Sam Inkersole explains how electric company cars offer a favourable benefit in kind for employers and employees alike.

Article
Can tax policy help the UK achieve net zero article image 28 Feb 2022
Can tax policy help the UK achieve net zero?

Anita Monteith considers how policy levers can affect the most polluting sectors of transport, construction, power generation and industrial emissions, and wonders how governments can make up for the lost revenue from fuel duty.

Climate finance

Article
sustainability climate change pie chart map industries carbon emissions smoke solar panels trees city 28 Nov 2023
How SMEs can access transition funding

Many existing products for SMEs are taking net zero and climate plans into account.

Article
Shanghai skyline 01 NOV 2021
UK financial services primed to aid China’s green finance drive

“There are a lot of things that the UK and China can achieve alongside one another,” said Alderman William Russell, 692nd Lord Mayor of the City of London, at the DiT-sponsored British Chamber of Commerce event on the future of Green Finance, held in Hong Kong on Wednesday.

Article
A tractor spray crops 29 OCT 2021
Corporate reporting: no decline but sharp focus on climate risks

Despite the pandemic, the FRC has revealed that it has not detected a decline in reporting quality. But improvements in key areas are still necessary.

Article
car park birds eye view above black car bay red orange footpath exit arrow 23 Jan 2024
The role of taxation in achieving net zero

Taxation could be reformed to support the transition to a net-zero economy. In the first of a two-part series, Ed Saltmarsh, ICAEW’s Technical Manager, VAT and Customs, examines options the UK government could take in the areas of transport and energy.

Article
A person behind a tree, hugging it 22 OCT 2021
BDO: private equity firms prioritise ESG despite COVID threat

Just over half of UK private equity firms have made investment strategies more ESG-focused, undeterred by COVID threat to stalling business, new research has found.

Video
A still-frame from the video, showing a timeline of the world. 19 OCT 2021
Accounting in the Anthropocene

How should we account for the world we live in? This lecture by Professor Jan Bebbington, Lancaster University challenges all our thinking about stewardship and how we take account of our world.

Article
A group of hands coming together, each holding a little pile of soil with a seedling growing out of it. 19 Oct 2021
£9.7bn foreign investment to boost UK economy

ICAEW has welcomed the nearly £10bn foreign investment secured at the UK Global Investment Summit and called for an injection of best-in-class thinking about management and innovation.

Article
city rows of modern houses homes townhouses light beige brick grey roof solar panels 23 Jan 2024
The role of taxation in achieving net zero – housing and carbon

In the second of a two-part series on how to deploy taxation to help the UK reach net zero, Ed Saltmarsh, ICAEW’s Technical Manager, VAT and Customs, takes a look at housing and carbon emissions.

Article
A person holding a crate in a commercial greenhouse 11 Aug 2021
Issuers, investors and the planet: abundantly served

An FCA-regulated crowdfunding platform that enables the public and others to invest directly – even as little as £5 – in opportunities they care about has to be good for everyone.

Article
A person with a tablet in a commercial greenhouse 04 May 2021
How to assess the sustainable value of investments

Triodos has been in the business of green banking for 40 years. Its UK CEO explains how it weighs up environmental and financial risk.

Article
A person wearing rubber gloves standing on a beach holding a bag of rubbish 04 Mar 2021
Green savings: an opportunity to clean up?

For those wanting to green their personal finances, this Budget offers new ways to put your money to work for the benefit of the planet. ICAEW’s Philippa Kelly highlights what savers and investors might want to look out for.

Climate reporting

Sustainability image with a plant and money jar
Connecting sustainability and finance

Accountants must take the lead on joining the dots between sustainability and finance information, performance and disclosures.

Read more
Article
European parliament building, Strasbourg 26 Jun 2023
ISSB issues first sustainability disclosure standards

Corporate reporting has taken a major step forward today as the International Sustainability Standards Board (ISSB) published two IFRS Sustainability Disclosure Standards which aim to boost transparency in ESG information published by companies.

Article
A polar bear on ice 12 Sep 2022
FRC launches best-practice guide for managing ESG data

Guidance provides corporates with adaptable model for thinking about how to optimise the ways they collect and utilise data on ESG themes.

Article
A dusky horizon with silhouettes of smoking industrial buildings and electricity pylons 05 Aug 2022
Improvement needed for reporting under new climate rules

Separate reports from the FRC and FCA indicate that premium listed companies have made significant progress in the quality of climate-related reporting, but more needs to be done.

Hub
Inside the Wave in Arizona 14 Dec 2021
Paris-aligned accounts

The Paris Agreement aims to achieve net zero emissions globally by 2050. Reaching these goals will require action from all. ICAEW explores how accountants in business and practice can align corporate reporting to the Paris Agreement objectives.

Hub
Woman in hijab sitting at table with multiethnic politicians answering questions during a press conference 08 Dec 2021
ESG assurance

The expectations of financial services organisations and other corporates are changing fast. Profit cannot be the only measure of success – environmental, social and governance principles need to be observed and taken into consideration to satisfy a broad range of stakeholders.

Article
Two zebra 23 Nov 2021
Financials remain woefully short on climate information

Barbara Davidson, Senior Analyst – Regulatory and Accounting at the Carbon Tracker Initiative says that without an understanding of the impact of energy transition on company financials, the extent of capital at risk – and whether funds are being allocated to unsustainable businesses – remains largely unknown.

Article
A striped rosemary beetle 15 Nov 2021
Climate change is paramount for annual reporting

Climate change and energy transition is the biggest challenge the world is facing. It is paramount for Shell and front of mind when developing its annual report and financial statements, says Edwin Kunkels, Vice President Group Reporting and Deputy Controller at the company.

Article
Four people at a table talking to each other with papers and a laptop 01 Dec 2021
Sustainability reporting: why should SMEs care?

Call it the pandemic effect, but the penny is finally dropping that environmental and social reporting is becoming the responsibility of all practitioners and companies – not just large complex organisations and their advisers. Johan Barros, EU Policy Manager at Accountancy Europe, explains.