Veracity Consulting’s Post

A survey of chief accounting officers and controllers conducted by FEI | Financial Executives International and Persefoni found that 50% of companies have hired finance professionals in full-time sustainability reporting roles. 70% of respondents cited the immediate need for internal controls talent. Our VP of Project Consulting Services, Janis Parthun, recently attended the IMA | Institute of Management Accountants annual conference to discuss this trend of companies leveraging finance teams to scale and build their sustainability reporting capabilities. Read more insights from Janis about how the demand for sustainability data is creating new opportunities for finance and accounting professionals in the AICPA & CIMA Journal of Accountancy: https://lnkd.in/epg8AyuC #ClimateReporting #FinanceJobs #FinanceAndAccounting

If you’re planning to attend the annual Institute of Management Accountants Conference in June, be sure to check out our June 11th session on the Evolving Role of Controllership in Sustainability Reporting. Janis Parthun, RGP VP Project Consulting Services, will discuss how the controller function is assuming more roles and responsibilities for sustainability reporting and why the sustainability controller may be the job of the future. #IMA #Controllership #SustainabilityReporting

How do we instill a multi-stakeholder view that considers what value creation means for a broader set of stakeholders? 🤔 Deloitte proposes a Sustainable Value Map building on top of the traditional Shareholder Value Map. See below ⬇️ By looking at shareholder value, employee value, customer/social/public value, and environmental value frameworks together, businesses can begin to manage broader stakeholder value with the same rigor we have been applying to shareholder value creation. 📈 Shareholders Greater investor returns and ESG performance, as well as reduced business risk, input costs, and cost of capital. 🧑🤝🧑 Employees Increased jobs, income, benefit, training, in addition to greater diversity, equity, and inclusion. 🛒 Customers/social/public Improved products and services, economic vitality, and community impact, with reduced risk. 🌲 Environment Reduced greenhouse gas emissions, energy consumption, and resource depletion, along with greater environmental responsibility and development. Reach out to learn how we can help you create a broader view of value creation in your performance management system. 📞 __ 👨💼 I'm a partner at Business Partnering Institute. 🆘 Need help in your finance team, call me! 🤝 We help increase the influence of finance teams. 🔔 To see more of my content, ring the bell on my profile. #Finance #FinanceBusinessPartner #FPA #CFO #FPandA #Controlling #FinancialAnalysis 

As finance professionals, leading by example is a no-brainer. The huge role that CFOs have to play in helping companies make the transition is both growing and compelling. Yes, we are committed, yes, we want to make a difference. But doesn't it sometimes feel overwhelming? Join us on 20 February to discover The Matcha Initiative 's latest set of best practices for Sustainability Accounting and Sustainable Corporate Finance. It will be a great opportunity to share your concerns, discuss challenges and solutions with peers and sustainability enthusiasts. Probably the best antidote to any form of "CFO eco-anxiety"... See you there!

Hey everyone! Check out the latest video by ACCA on the importance of sustainability in today's business world. It's like a survival guide for accountants in the jungle of sustainable practices. Watch it to stay ahead in the finance game! #ACCA #SustainabilityJourney #FinanceFun

Dear Young Accountants, 🌳Sustainability Jobs and Skills for the Accountancy Profession; an emerging opportunity. 🌾Sustainability is a megatrend offering new opportunities and jobs for the accountancy sector. There are three key trends in sustainability that will expand the current job roles and skills required for accountancy and finance professionals. The three key trends are: 🌳Decarbonisation of the environment, 🌳More companies participating in sustainability reporting, and 🌳The Expansion of green finance. 🌾Given these sustainability trends, Accountancy and finance professionals must be equipped with sustainability and ESG-related knowledge and skills to meet the increasing demands in these three areas. 🌾Moreso, preparers and assurance service providers would see an expansion in their roles in areas such as carbon trading, carbon accounting, sustainability risk management, and more. In addition, organisations are creating positions and openings such as; Chief Finance & Sustainability Officer (CFSO), Sustainability Reporting Officer (SRO), Strategy and Transactions (Sustainability) Manager are emerging C-Suite positions to oversee the integration of finance and sustainability into business strategy. Accountancy and finance professionals, with their financial expertise, are in an advantageous position to helm the emerging roles. 🌾 The burgeoning field of ESG accounting focuses on helping businesses improve sustainability. Environmental, social, and governance (ESG) reporting has become an important component in corporate accounting in recent years as companies pay more attention to sustainability and social responsibility issues. 🌾Finance and accounting professionals have an important role in ensuring the relevant data is available for decision making and that sustainability priorities are incorporated into business processes through budgeting and forecasting, capital allocation, performance assessments and scorecards. 🌾Accountants and accounting firms have also expanded their role in the preparation and issuance of ESG information. That role includes identifying metrics to report, developing ways to measure the metrics, developing processes and controls to produce and verify the information, and preparing ESG reports. 📊 Young accountants are encouraged to delve into this specialisation and create a niche for professional career competitive advantage. #GreenAccounting #ESG #SustainabilityReporting #IntegratedReporting #TripleBottomlineReporting

Still thinking about attending Accounting & Audit Seminar 2023? Don't miss out on early bird tickets, closing tonight at 11.59pm. Register to stay across the latest technical updates for accounting and audit in New Zealand and deep dive into new sustainability and assurance requirements. Optional sustainability masterclass and learning tracks are also available. #CAANZ #DifferenceMakers

With engaging challenges and an interactive workshop, we’ll delve into the core challenges faced by CFOs and their teams. Together, we’ll outline strategies for tackling these obstacles head-on, where you can expect to explore innovative approach and solutions. Join us - a few seats left!

A recent IMA | Institute of Management Accountants study among finance and accounting professionals in Europe reveals a significant finding: 25% plan to leave their current roles voluntarily within the next 12 months. This potential talent exodus could significantly impact the strategic goals of the CFO office and the overall company. One of the primary reasons cited for this departure is a lack of sufficient opportunities for growth and development, affecting 25% of the respondents. As we navigate these challenging times, with a high scarcity of finance and accounting talent, these professionals are not easily replaced. Prioritizing professional development and career growth is crucial to retain our valuable talent. #Finance #Accounting #TalentRetention #ProfessionalDevelopment #CFO #IMAResearch

We are excited to announce a new referral program with CIMA to provide CPAs, management accountants, and finance professionals with AI-powered ESG software. Accountants and finance professionals play a crucial role in helping businesses proactively manage their sustainability-related risks, opportunities, and impacts. This new referral program addresses the need for finance teams to have data-driven solutions for identifying material sustainability issues, enabling them to better support stakeholders. This is especially important for those businesses implementing the EU’s Corporate Sustainability Reporting Standards (ESRSs), IFRS S1 and S2, the US SEC Climate Disclosure Rules, and the State of California’s climate reporting laws. Talking about the new offering, Dr Jeremy Osborn FCMA, CGMA, CPA (Aust.), Global Head of ESG for the Association of International Certified Professional Accountants, comprised of CIMA and the American Institute of Certified Public Accountants, said: “Identification of material sustainability risks, opportunities and impacts is the starting point of the new sustainability reporting standards in the European Union and amongst jurisdictions around the world which are adopting the IFRS sustainability-related financial disclosure standards. There is now an urgency for listed companies to understand how they will report against them. Datamaran’s AI-powered ESG platform provides companies with a sprint start in how to do so.” Visit our website to find out more about this collaboration between CIMA and Datamaran: https://lnkd.in/dcngeG9B. #ESGNews #ESGSoftware #Finance #Accountants #AIforESG