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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.

 

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Leadership  |  Emissions reduction  |  Climate finance  | 
Climate reporting

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

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Featured content

Net Zero Accountancy Protocol

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

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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.

Article
A landscape on fire 11 Nov 2021
Drax: how finance can power ‘carbon negative’ energy generation

Drax’s senior finance manager Chris Simpson explains how finance is helping achieve the former coal power station’s goal of becoming the world’s first ‘carbon negative’ energy generator - the success of which is critical to the UK achieving its own net-zero goals.

Climate finance

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
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
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
people climbing a snowy mountain 10 May 2024
Capacity Building for Sustainable Finance gains momentum

The Sustainable Finance Education Charter (SFEC) has released its third Annual Progress Report, showcasing the progress made by professional bodies throughout 2023 in advancing education and training in sustainable finance.

Article
Dry, cracked muddy flatlands with a mountain in the distance 18 Jul 2023
New index helps brands avoid greenwashing and greenhushing

Heralded in a January project launch at the World Economic Forum in Davos, the inaugural Sustainability Gap Index examines the financial differences – and sometimes gulfs – between sustainability perceptions and performance across 4,000 brands.

Article
Asia city skyline 26 Jun 2023
EU regulators step up scrutiny on greenwashing

Stamping out the rise of greenwashing should ensure investor protection and market integrity, and maintain a trusted environment for sustainable investments.

Article
A person taking a bike from public bicycle hire scheme docking station 06 SEP 2022
IMF-backed directory aims to close climate data gaps

New online tool seeks to help market participants make better informed investment decisions to support the global push towards a low-carbon economy.

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Three wind turbines in a dusky landscape
ESG in Corporate Finance

ESG considerations can have a positive impact on a business’s decisions in relation to transactions. They can also be a driver of transactions as a business’s ESG credentials influence investment and capital allocation decisions.

Report
Garden allotments seen from above 15 Nov 2021
Green finance: ASEAN & UK perspectives

Insight gathered from interviews with experts across a range of disciplines in ASEAN and the UK, on the role that finance can play in addressing the risks associated with climate change.

Climate reporting

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Connecting sustainability and finance

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

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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.

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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.

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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.