Achieving the Paris climate goals requires huge efforts from every section of society. However, there are very few companies that have put CO2 reduction high on their agenda. Despite having worked out measuring and recording methods, many of them either neglect to set goals or have no CO2 administration. These are the findings from research carried out among financial professionals, such as chief financial officers, financial managers and auditors, by the UG's Institute for Governance and Organizational Responsibility (iGOR) and the ‘Accountants in business’ group of the NBA Netherlands Institute of Chartered Accountants.
A lack of knowledge and concrete CO2 reduction goals is preventing financial professionals from making a real contribution to reducing greenhouse gases. But according to researchers, these financial professionals could play a significant part in solving this problem. They fulfil a key role in gathering financial and non-financial corporate information. Financial professionals occupy a unique position in this respect and could play an important role in measuring and recording greenhouse gas emissions, leading the way to achieving reduction goals.
Three concrete steps can be taken towards a solution, claims Professor Dick de Waard from the University of Groningen and board member Paul Slegers RA from the ‘Accountants in business’ group of the NBA.
The Institute for Governance and Organizational Responsibility (iGOR) is an expertise centre operating under the Faculty of Economics and Business at the University of Groningen. It focuses on corporate governance, corporate reporting and corporate responsibility.
The Accountants in business group of the NBA Netherlands Institute of Chartered Accountants represents over 9,200 RAs and AAs, most of whom work as CFOs, financial managers or auditors.
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