Green Finance & Sustainability

AIA's Commitment to Sustainability

Green Finance Education Charter

The government, the Green Finance Institute, and a number leading financial professional bodies, including AIA, are signatories of the green finance education charter, designed to embed green finance and sustainability into the core curricula, new qualifications, and the continued professional development of accountants. 

Each of the signatories acknowledge the collective responsibility of the global community including the banking, finance and professional services sectors to deliver Article 2.1c of the Paris Agreement and the UN Sustainable Development Goals

The Commonwealth

As a Commonwealth accredited organisation, AIA adheres to the values and principles embedded in Commonwealth Declarations, notably the Singapore Declaration on Commonwealth Principles (1971) and the Harare Commonwealth Declaration (1991), which outlines a commitment to promoting democracy and good governance, human rights and the rule of law, gender equality and sustainable economic and social development. 

The Commonwealth helps member countries protect their environments and use their natural resources sustainably and operates a number of environmental programmes.

"AIA plays two distinct roles in promoting green finance and sustainability. As a professional body we are committed though our policy agenda to act as an authoritative voice within the accountancy sector to raise standards and education in green finance and sustainability. We also ensure that our members have the skills, knowledge and tools to promote sustainable business practices."

Resources

International Sustainability Reporting Standards 

The IFRS Foundation are working on the creation of a proposed new standard-setting board—International Sustainability Standards Board (ISSB)—to help meet the need for high quality, transparent, reliable and comparable reporting by companies on climate and other environmental, social and governance (ESG) matters.

The intention is to deliver a global baseline of sustainability-related disclosure standards that provide investors and other capital market participants with decision-useful information about companies’ sustainability-related risks and opportunities to help them make informed decisions.

ACCESS THE IFRS SUSTAINABILITY HUB

Task Force on Climate-related Financial Disclosures

The Task Force on Climate-related Financial Disclosures (TCFD) was created to improve and increase reporting of climate-related financial information, including the risks and opportunities presented by rising temperatures, climate-related policy, and emerging technologies in today's world.

ACCESS THE TCFD KNOWLEDGE HUB

Global Reporting Initiative

The Global Reporting Initiative is an independent, international organisation that helps businesses take responsibility for the impact of their work.  GRI Standards help advance the practice of sustainability reporting, and enable businesses and their stakeholders to take action and make better decisions that have economic, environmental and social benefits. 

ACCESS GRI SUSTAINABILITY STANDARDS

COP26

COP26 aims to mobilise finance as a mechanism to achieve its climate goals; countries need to manage the increasing impacts of climate change on their citizens’ lives and they need the funding to do it. The scale and speed of the changes needed will require all forms of finance including: 

  1. Public finance for the development of infrastructure we need to transition to a greener and more climate-resilient economy.
  2. Private finance to fund technology and innovation, and to help turn the billions of public money into trillions of total climate investment.
READ ABOUT COP26 FINANCE GOALS

Green Finance Institute Podcasts 

Green is the New Finance is a podcast series from the Green Finance Institute which showcases thought leadership on green finance and sustainability with interviews from key figures in the finance sector or policy environment discussing their ideas on how to advance green and sustainable finance.

LISTEN TO THE PODCAST

Climate-related Reporting

The Financial Reporting Council (FRC) has published its Annual Review of Corporate Reporting, which outlines the FRC’s ‘top ten’ areas where improvements to reporting are required. From next year, premium listed companies will be required to disclose their compliance with the Taskforce for Climate-related Financial Disclosures (TCFD) recommendations on a comply-or-explain basis. 

READ THE FULL REPORT READ THE GUIDANCE ON TCFD REPORTING

International Accountant Magazine

International Accountant magazine covers a range of topics relating to green finance and sustainability, including news, insights and thought-leadership.

READ INTERNATIONAL ACCOUNTANT

IFAC Sustainability Information for SMEs and SMPs

This publication outlines some of the benefits for SMEs using and even reporting on sustainability information, highlighting the range of services practitioners can provide, including advisory, reporting, Agreed-Upon Procedures (AUP) engagements and assurance. It also explains how SMPs can build skills, knowledge and take initial steps. 

READ THE IFAC SUSTAINABILITY REPORT FOR SMEs