Accountancy bodies call for biological diversity

The CEOs of ten of the world’s leading accountancy institutes, including ICAEW and ICAS in the UK, have joined together to support a new call to action in response to the nature crisis, ahead of the upcoming UN Convention of Biological Diversity (CBD) COP 15.

Working together as part of the Global Accounting Alliance (GAA), the CEOs are signing the call to action Nature is Everyone’s Business to signal the important role the profession plays in this crisis.

The member bodies of the GAA collectively represent over 1.4 million accountants and finance professionals in over 180 countries. The call to action involves advocating for and supporting the protection and restoration of nature through finance activities and investment decisions made by the business community. It ties in closely with the expectations of investors and other stakeholders for businesses to focus on environmental, social and governance issues – expectations that will only become stronger in the longer term.

The joint statement calls upon professional accountants to act now to reverse the process of nature loss by helping the organisations they work for or with to protect, restore and promote the sustainability of natural resources. The statement summarises six key actions for professional accountants, including understanding how their organisations and clients impact and rely on nature. Professional accountants can also provide sound advice and services that contribute to an organisation’s positive effect on nature.

The ten accounting bodies that have signed the statement are the Association of International Certified Professional Accountants representing AICPA & CIMA, Chartered Accountants Ireland (CAI), Chartered Professional Accountants of Canada (CPA Canada), Hong Kong Institute of Certified Public Accountants (HKICPA), Chartered Accountants Australia and New Zealand (CA ANZ), Institute of Chartered Accountants in England and Wales (ICAEW), ICAS (the Institute of Chartered Accountants of Scotland), Institut der Wirtschaftsprüfer in Deutschland e.V. (IDW), The Japanese Institute of Certified Public Accountants (JICPA) and South African Institute of Chartered Accountants (SAICA).

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