Environmental issues brief: Accounting for carbon

Environmental issues brief: Accounting for carbon


Updated: 

This is part of a series of environmental issues briefs exploring the topic of sustainability, business, and the finance professional’s key role. These briefs will help organisations consider the sustainability issues, how to integrate them into their long-term decision-making, and how to incorporate these issues into internal and external reporting.

This is the second of four environmental issues briefs on factors finance professionals must be focused upon to make a difference.  It is designed to help finance professionals build their climate emergency literacy so we can lead and support the journeys of our organisations, firms, and clients to adapt business models and reduce their carbon footprints in the global race to net zero.

The practical brief focuses upon

  • What is carbon accounting?
  • Why is carbon accounting needed?
  • How to integrate carbon accounting into an organisation
  • Who will encounter carbon accounting?
  • Practical tools and resources for carbon accounting

Finance professionals play a crucial role in helping organisations address their Green House Gas (GHG) emissions and achieve net-zero targets. They do this by providing valuable accounting and management information, including financial and non-financial measures, and actionable business insights. Organisations can then confidently take strategic decisions and implement solutions based on relevant data and information to help society achieve the transition to low carbon economies.


Look out for the other three briefs.  These explore the themes of accounting for the SDGs, accounting for biodiversity, and, accounting for 2 degrees.

To find out how you can lead and develop your institution’s sustainability journey and how AICPA & CIMA can support your ESG development email  leadership@aicpa-cima.com.