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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

11 Comments/Reflections

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.
Ying Mao

Ying Mao Oct 2023

Sustainability accountants will intergrate nonfinancial impact for the company from long term perspectives.
David Johnson

David Johnson Aug 2023

Sustainability is an area of interest for me and so this article was an interesting introduction into the relationship between management accountants and sustainability reporting and driving an ESG agenda. Having read the article it seems as though there isn't necessarily always a need/possibility to have a dedicated sustainability accountant. Instead a management accountant could incorporate sustainability reporting within KPIs and monthly management packs, in order to create visibility of the cost implications to senior management.