IFAC and ACCA To Host Third Annual Climate Week NYC Event

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3 years ago

IFAC and ACCA To Host Third Annual Climate Week NYC Event, “Plugging the Net-Zero Information Gap,” on 20 September 2021

Session will bring together investment and finance and accounting professionals for a thought-provoking discussion on the gaps and needs surrounding climate information and reporting

LAHORE ( Web News )

Many stakeholders, including IFAC and ACCA, have advocated for relevant, reliable, and comparable sustainability-related information, including enhanced climate risk assessments and disclosures. Professional accountants have an essential role to play as companies strive to meet rapidly increasing demands from investors, policy-makers, and other stakeholders for enhanced information addressing the global climate crisis.

To better understand the information gap between business and investors and what might be done to address it, IFAC and ACCA are partnering to host a Climate Week NYC event, Plugging the Net-Zero Information Gap: The role of investors, accountants and capital markets, to be held virtually September 20, 2021 at 9:00am EDT.

The event will include a panel discussion moderated by Patrick Temple-West, Journalist, Financial Times, and feature:

Merilee Buckley, Chief Accounting Officer, Etsy
Richard Manley, Managing Director, Head of Sustainable Investing, Global Leadership Team at CPP Investments
Munazzeel Riasat, Chief Executive Officer, IBC Power Limited and ACCA member

‘The significant impact of climate-related matters on organisations’ business models, cash flows, financial performance, and resiliency requires immediate attention not only due to increasing pressure from investors, regulators, and policy makers, but the urgency of the climate crisis itself,” said Kevin Dancey, IFAC CEO. “Climate scenario analysis and risk assessment can be complex, and accountants can help translate those risks and opportunities into numbers able to initiate much-needed action.’

Helen Brand, chief executive of ACCA added: ‘Collaboration is key to tackling the existential threats and risks that face economies and societies due to climate change. Professional accountants are therefore an essential part of this necessary joined-up thinking to drive good decision-making, and make the necessary links with the investment community and other stakeholders. Accountants’ skills and knowledge around integrated reporting, encompassing capitals be they natural, financial, manufactured, human, social/relationship or intellectual, have a vital role in this global effort.’