The October issue of Practice Matters contained an indepth article on the opportunities for small businesses – and their advisors – in embracing sustainability.
It describes the environmental, social and economic risks for businesses, and shows how accountants can identify and quantify these risks for their own practices, and develop policies for themselves and their clients to address them. It also demonstrates how Environmental, Social and Governance (ESG) factors, if properly addressed, can:
- positively impact employee welfare, improving employee experience and leading to greater output;
- affect ability to access finance;
- enhance an organisation’s reputation, helping to attract new business and staff; and
- help companies comply with supply chain requirements of their larger clients.
It also discusses how preparers and auditors of financial statements will also need to consider these issues going forward.
(Practice Matters is a bi-monthly hard copy publication sent to all members of Chartered Accountants Ireland working in practice. It contains advice on technical, tax and regulatory issues, information about Chartered Accountants Ireland conferences and events relevant to members working in practice and updates on practice supports being offered by our Practice Consulting team.)
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