Release of final TCFD Recommendations report, A4S Launches Statements of Support for the recommendations
In June 2017, the TCFD released its recommendations, underlining the financial implications of climate change to investors and companies, and the need for better reporting to enable action in response. At the request of the TCFD, A4S brought together three stakeholder groups to signal their support for the implementation of the recommendations: CFOs, Asset Owners, and Accounting Bodies. The signing the Statements of Support, A4S has held a series of workshops and released practical guidance to support adoption.
The CFOs supporting the TCFD recommendations represent organizations with combined total assets of over $2.1 Trillion.
Accounting bodies supporting the TCFD recommendations represent 2.3 Million accountants and are present in 181 countries.
The Pension Fund Chairs supporting the TCFD recommendations represent over $234.7 Billion Assets Under Management (AUM).
To find out more, including who has signed so far, and how you can get involved in either signing a statement of support or attending our implementation workshops, please go to: www.accountingforsustainability.org/tcfd
A4S Essential Guide to Strategic Planning Budgeting and Forecasting launch
This guide helps finance teams to navigate the complexity of a changing world by providing tools, practical examples and guidance on how to integrate sustainability into strategic planning, budgeting and forecasting.
The organizations who took part in the project to produce the guide found clear business benefits to doing this:
- Identifying sustainable opportunities and risks
- Driving investment for long term success
- Aligning performance management with long term value drivers
- Reducing cost
- Providing brand benefits
- Encouraging better employee and customer engagement
Launch of the Canadian Chapter of the CFO Leadership Network
The Canadian Chapter are developing a number of projects to address key challenges for organizations in Canada.
A4S has partnered with Chartered Professional Accountants of Canada (CPA Canada) to run the Canadian Chapter. CPA Canada is one of the largest accounting bodies in the world, with more than 200,000 members in Canada and internationally. For more than 20 years, CPA Canada has been driving awareness of sustainability issues and supporting its members to deliver on that key role.
Establishment of the Asset Owners Network
The Network brings together Chairs of pension funds, their pooling partners, investment committees and endowments to explore the relevance of material social and environmental risks and opportunities to their funds, to share insights and to take action.
Find out more about our work with the Asset Owners Network >
The A4S International Case competition (A4S ICC)
The A4S International Case competition (A4S ICC) for students was established in 2017, developed in partnership with Rotman School of Management’s Net Impact. Over 50 students were involved, from business schools in five countries, all presenting their ideas for new, disruptive business and finance models which solve sustainability challenges and create the businesses of the future. The competition is now in its second year.