Climate Change: A Sustainability Effort from Accounting Perspective

Abstract

This chapter provides a review of climate change and sustainability efforts from an accounting perspective. In this chapter, we also talk about the role of accountants in climate change reporting. This is important since climate change has emerged as a global environmental issue that dominates the international agenda and is one of humanity’s most challenging issues. Climatic damage affects every region of the world, and no nation is immune to its effects. Higher temperatures, broad changes in precipitation patterns, increased danger of drought, rising sea levels, and an increasing frequency of severe weather are predicted to result from the anticipated changes. Consequently, efforts have been introduced and initiated to reduce the negative impacts of climate change. From the accounting perspective, accounting bodies and related parties have also initiated ways to implement climate-related disclosure standards.