Sustainability Strategies and Net-zero Goals
Credit
CPE:0.5
Publisher
IMA
Description
Competing for today’s consumers and investors requires more than profit and loss statements. Measuring ESG will involve a new type of accounting measurement system. By adopting parallel accounting systems to track GHGs or e-liabilities, management accountants can clearly convey information to the organization on how sustainability initiatives are helping them to compete and create long-term value. By using three applications of the Return Driven Strategy framework—strategic risk, strategic valuation, and life-cycle analysis—management accountants will have a sustainability strategy tool kit for evaluating their GHG emissions impact.
With sustainability tools and accounting methods at their disposal, management accountants will be driving forces for sustainable change. They will be able to clearly convey how sustainability initiatives have reduced costs, increased profitability, and instilled customer and investor loyalty.