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Jun 2010

Climate change: the role of the finance professional

The Chartered Institute of Management Accountants® (CIMA) and The Prince’s Accounting for Sustainability Project (A4S) believe that finance professionals have an important role to play in ensuring organisations consider climate change in a strategic context and integrating sustainability issues into their long-term decision making processes.

In August 2009 CIMA and A4S conducted a survey. The main objectives of the survey were:

  • to understand if, and to what extent, the finance function is involved in climate change projects
  • to explore areas finance professionals could be involved in
  • to explore the attitude towards finance teams being involved in climate change projects
  • to understand the barriers to finance being involved.

Despite nearly three quarters of respondents believing that actively engaging in tacking climate change offers significant business opportunities, nearly half of the respondents either have or plan to scale down environmental initiatives as a result of the downturn.

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Climate change: the role of the finance professional