Mainstreaming Sustainability a Priority for Professional Accountants in Business
New PAIB Advisory Group report explores key global trends impacting the future readiness of the accountancy profession
Nov 29, 2021 | New York, New York | English
IFAC’s Professional Accountants in Business (PAIB) Advisory Group has compiled insights on how accountants are contributing to value creation and sustainability in their organizations in both the private and public sectors in a new report, The Role of Accountants in Mainstreaming Sustainability.
This report includes highlights from the PAIB Advisory Group’s October 2021 meeting, including:
- Achieving sustainability and decarbonization under the stewardship of CFOs and accountants
- Navigating potentially disruptive transitions by investing in technology, innovation, talent, and partnerships
- Optimizing and capturing value for a range of stakeholders
- PAIB perspective on digital assets and cryptocurrencies
Sanjay Rughani, IFAC PAIB Advisory Group Chair says: “The need for CFOs and finance functions to contribute strategically as value partners is increasing to advance sustainability. By sharing our learnings as a profession, we can continue to elevate our focus and actions on higher value activities to support and empower professional accountants to take on more strategic roles.”
IFAC is the global organization for the accountancy profession dedicated to serving the public interest by strengthening the profession and contributing to the development of strong international economies. IFAC is comprised of 180 members and associates in 135 countries and jurisdictions, representing more than 3 million accountants in public practice, education, government service, industry, and commerce.
About the PAIB Advisory Group
Formed in 1977, the PAIB Advisory Group is comprised of volunteers with experience and expertise in the world of business and the public sector, nominated by the professional accountancy organizations that make up IFAC’s membership.