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Leadership

Sustainability accountants: What do they do? Logo cgma

  Malia Politzer |   Free |   Sep 2021 |   FM magazine

Companies are grappling with ESG risks and opportunities in their strategy and business models. Some hire sustainability accountants or create whole departments to measure and track ESG metrics to ensure long-term value creation.

Topics covered:
  • Management accounting: Leadership: Driving performance, Advanced
  • Management accounting: Technical: Management reporting & analysis: Management reporting, Advanced

13 Comments/Reflections

Shashank Gupta

Shashank Gupta Aug 2024

Good read. The role of a sustainability accountant is integral to fostering a culture of sustainability within organizations. By blending financial expertise with a commitment to sustainability, they not only help companies enhance their performance but also contribute to a broader societal shift towards responsible business practices. As the focus on sustainability continues to grow, sustainability accountants will be at the forefront of driving meaningful change in the business world.
George Rose

George Rose Jun 2024

A good introduction into how Management Accountants can partner / provide assistance for areas of an organisation that work with sustainability. To add value the support needs to be collaborative, Management Accountants can help develop KPI's which impact the business and quantify a cost (which might be needed to get "buy in" from the board / shareholders). Sustainability Depts can assist by focusing on identifying and quantifying the society risks and legal requirements. 
Olivier Pechereau

Olivier Pechereau Feb 2024

Thought it was a good read.  I have noticed in my time as an accountant at a couple of my old work places that the sustainability team had big difficulties presenting the benefits/risks of the businesses because they didn't really have the buy in from the top.   I felt that the businesses had these teams for the sake of having them.
I very much wanted to help out and would have been interested in that type of job at the time.
I just hope to see more jobs advertising these kind of roles to see that business do take sustainability seriously.
Amy Austin

Amy Austin Dec 2023

This is a very interesting area that I would like to move into in my future career. I think the sustainability of our world is extremely important and the way we run businesses is paramount to how we shape our communities and the environment we live in. The concept and practice of including sustainability in the work that accountants do, is a really great idea and one I hope more companies embrace and something I can be a part of in my career.
Timothy Samaranayake

Timothy Samaranayake Nov 2023

This article provided a useful introduction to the connection between management accountants and sustainability reporting, as well as advancing an ESG (Environmental, Social, and Governance) agenda Useful to reflect on how a management accountant should integrate sustainability reporting into KPIs etc. and ensuring implications are clear. In my current role, we assist clients in incorporating environmentally sustainable agricultural practices into their business models, aiming for "climate-smart" approaches. These principles can assist us in developing tools that take both commercial and environmental sustainability into account.