Preparing Future-Ready Professionals

The Role of Accountants in Mainstreaming Sustainability in Business

November 29, 2021

Insights from IFAC's Professional Accountants in Business Advisory Group


Achieving sustainability requires technology and innovation to transition and could be disruptive. An integrated mindset is key.

At its October 2021 virtual meeting, IFAC’s Professional Accountants in Business Advisory Group considered how accountants are contributing to value creation and sustainability in their organizations in both the private and public sectors. The report, The Role of Accountants in Mainstreaming Sustainability in Business, summarizes the key insights and learnings from the discussions amongst this global group of business and finance leaders, drawing from their diverse experiences and expertise.  

Having an integrated approach to financial and sustainability-related information under the remit of the CFO was a key topic of discussionThis leads to better decisions that deliver long-term value to stakeholders and society, while also ensuring financial returns to investorsThe group also explored ways the potential opportunities offered by digital assets, including to improve efficiencies, increase transparency, and spur innovation towards societal goalscould gain legitimacy.  

The need for CFOs and finance functions to contribute strategically as value partners is increasing to advance sustainability, said Sanjay Rughani, PAIB Advisory Group Chair. By sharing our learnings as profession, we can continue to elevate our focus and actions on higher value activities to support and empower more professional accountants to take on increasingly strategic roles. 


Case Studies & Additional Insights

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.