SMEs and the accountancy practices which support them play a critical
role in the transition to a sustainable future. SMEs are vital to
employment, food production and distribution, construction, health and
wellbeing and the delivery of vital services. Collectively, they have a
major economic impact and are essential to environmental and social
change. However, for SMEs with small teams, finding practical ways to
embed better practice can be a challenge.
Launching today, new guidance from ACCA and Chartered Accountants ANZ
(CA ANZ) aims to help small and medium enterprises (SMEs) on embedding
sustainable practice in their businesses.
Enabling a sustainable future is a primary focus of this year’s World
Congress of Accountants, in Mumbai on 18-21 November, where ACCA and CA
ANZ will be highlighting the vital role smaller business play in
achieving this.
The new insight series covers five key areas: the role of SMEs;
developing a sustainability strategy; climate and the environment; waste
and the circular economy; and social sustainability.
ACCA’s Head of Skills, Sectors & Technology, Jamie Lyon, commented
on the significant role accountants play in leading SMEs through this
transition: ‘As a huge source of employment and production around the
world, the actions of SMEs are critical to a more sustainable future.
Many thousands of our members work in small and medium-sized accountancy
firms and support SMEs on their sustainability journeys. From analysing
data and business models to reporting on non-financial metrics and
setting strategic aims – accountants have a vital role to play.’
The latest guide, ‘How SMEs can create a more sustainable world’
provides a range of resources and insights as well as setting out the
business case for SMEs. This includes how embedding sustainability can
strengthen the supply chain, drives down costs, create value, attract
talent, and improve access to finance.
ACCA
© ACCA - Association of Chartered Certified Accountants
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