Getting to net zero: Role of CPAs in leading the change
It is time to address the climate crisis with concrete actions. Canada’s 2050 net zero emissions goal is a call to action for all organizations, professionals and individual citizens. Because CPAs have a unique collection of skills, the trust of clients and considerable organizational influence, they are being tasked with developing the net zero action plans.
WHY CPAs CAN LEAD THE CHANGE
CPAs are well-equipped to connect the dots between strategy and the financial performance of their organizations. Engaging in activities that range from business planning, governance and reporting to assurance, risk assessment and analysis, they bring rigour, structure and credible expertise to the decision-making process. CPAs can create a clear pathway from public policy and regulation to climate action, emissions reduction and other net zero initiatives. This unique skillset positions them to lead at any stage of the net zero transition, whether business planning, data governance, performance measurement/management, reporting or disclosure.
If you’re a CPA determined to do your part in the mission net zero, these resources will guide you along the way, starting with the fundamentals and on to more niche, advanced material.
Step 1: Build your net zero IQ with free foundational resources:
- Path to net zero: CPAs can play a central role
- Canada’s transition to net zero: Accelerating collaboration to meet 2050
- What the border carbon adjustment will mean for business – a primer
Step 2: Take a deeper dive into your net zero education using these practical industry-specific resources:
- Consultation report on the Canadian energy sector’s transition to net zero
- A4S essential guide to incentivizing action along the value chain
- A4S essential guide to engaging the board and executive management
- Integrating ESGs to create long-term value: Guideline and case study
- GHG emissions management: Linking to strategy, risk and performance
- Review of net zero disclosures: Challenges and opportunities
Step 3: To learn more, visit our sustainability page for an extensive catalogue of
sustainability-focused resources.
Check out how these CPA “Agents of Change” have been making a difference:
Janice Tran, CPA, CEO and Co-founder, Kanin Energy
"Kanin Energy converts waste heat from industrial processes into carbon-free, 24/7 power by combining innovative technology with new business models. We’re applying the innovations of the solar and wind industries to scale the sector, all with the ambition of creating more abundant and affordable clean energy."
Amy Novak, Manager, Climate Accounting and Standards, WBCSD
"Jointly with the World Resources Institute, the World Business Council for Sustainable Development (WBCSD) developed the Greenhouse Gas (GHG) Protocol, which enables companies to report their Scope 1, 2, and 3 GHG emissions. Reporting on GHG emissions is essential for companies to monitor their performance against net zero targets.”