How to help your clients become carbon neutral through advisory
Consumers are increasingly seeking out service providers that operate responsibly towards our climate.
Today, over 80% of consumers expect businesses to be actively involved in combating climate change, and nearly 50% will shift their purchasing to more environmentally-focused companies. In fact, 87% of surveyed consumers in the US support mandatory climate disclosures for businesses, with carbon emissions the core focus.
Modern consumers not only appreciate environmentally-oriented business, they expect it, leading other connected stakeholders, such as investors and supply chain partners, to demand action.
In addition to anticipating environmental commitment from your firm, clients will likely start to seek out assistance in the carbon accounting space in order to meet stakeholder demands. This article will supply you with the background and tools to start helping clients go carbon neutral, and ultimately grow your business.
The vital importance of accountants
First and foremost, it is important to understand the role that accountants play in the ever-evolving corporate sustainability landscape for their customers.
Accountants are vital to tackling climate change, and for a number of reasons.
1. Accountants are already familiar with the data
In the context of greenhouse gas emissions, which have become a focal point for corporate sustainability in recent years, the indisputable Greenhouse Gas (GHG) Protocol calls for the reporting of upstream emissions from a variety of categories, including purchased goods and services, as well as capital assets.
To calculate emissions from these two areas, which frequently make up the majority of an organization’s footprint, accountants collect and present comprehensive P&L and capital asset purchase data from their clients, which is then paired to relevant multipliers and used to calculate emissions.
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