Nature-related risks and opportunities
Providing holistic thinking on sustainability
CPA Australia has developed a guidance document that explores an organisation's dependence on and impact on nature, as well as the climate-related risks and opportunities. It highlights the critical role accountants play in providing holistic insights and solutions.
Titled “Nature-related risks and opportunities”, this guidance document is part of a content series that helps CPA Australia members to assist their employers when approaching sustainability issues. Learn more about:
- the current policy landscape
- business climate risks
- aligning to climate goals
- nature-related dependencies and risks
- key considerations for business leaders.
The growing importance of sustainability
As the importance of sustainability continues to grow for many businesses, it is becoming clearer that boards and executive leadership teams need to consider nature as part of their materiality setting process, as well as their risk identification and mitigation strategies. Other key considerations include the fact that:
- younger employees want to join organisations that have aligned personal and professional goals – especially on climate
- various government bodies build reporting and governance frameworks for corporate sustainability and accountability
- finance and accounting teams need to drive this change due to their cross-functional visibility, and often robust reporting frameworks.