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New Deloitte and ICAEW learning programme aims to build climate change awareness and the role of business to respond

Deloitte and ICAEW joint initiative calls for businesses to take action now to address climate change

11 June 2019

Deloitte, in collaboration with the ICAEW, today announces the launch of a dedicated climate change website and video learning programme for Institute members, finance professionals and non-executive directors.

The Deloitte and ICAEW joint initiative is designed to help businesses and finance professionals learn more about tackling climate change. Through the video learning resources, the first of two modules sets out the impact that climate change is having on humanity and business, while the second equips businesses to implement change, manage risks and take advantage of the challenges and opportunities created by climate change. A key feature of the programme is learning about considerations for financial statements and how to translate climate change effects into tangible measurements.

Veronica Poole, Deloitte NSE Head of Accounting and Corporate Reporting, said: “Climate change is an existential threat that demands urgent attention; there can be no more ‘business as usual’ if companies are to protect their value, manage risks and future-proof their organisations.

“We sought to launch this website because climate change is likely to drive some of the most profound changes to businesses in our lifetimes. Impacts on products and services, supply chains, loss of asset values and market dislocation are not only being caused by more frequent and severe climate-related events, but also by the accelerating pace of policy and regulatory change. Our programme sets out the business case for action and practical steps for change, with the principal goal to help companies place their climate change response as a key element of their business models.”

Nigel Sleigh-Johnson, Head of Financial Reporting, Audit and Assurance at ICAEW, said: “Climate change is already having an impact on humanity and the natural world, and the implications for business should not be under-estimated. The downgrading of credit ratings and even bankruptcy, as a result of extreme weather patterns, are already real outcomes for some companies. For business to adapt successfully to these impacts will require systematic change, and this cannot be achieved without understanding and involvement on the part of finance professionals.”

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Note to editors

About the ICAEW
There are over 1.7m chartered accountants and students around the world - talented, ethical and committed professionals who use their expertise to ensure we have a successful and sustainable future.

Over 180,000 of these are ICAEW Chartered Accountants and students (152,000 members and 28,000 students). We train, develop and support each one of them so that they have the knowledge and values to help build local and global economies that are sustainable, accountable and fair.

We’ve been at the heart of the accountancy profession since we were founded in 1880 to ensure trust in business. We share our knowledge and insight with governments, regulators and business leaders worldwide as we believe accountancy is a force for positive economic change across the world.

ICAEW is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.

About Deloitte
In this press release references to “Deloitte” are references to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”) a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity.

Please see deloitte.com/about for a detailed description of the legal structure of DTTL and its member firms.

Deloitte LLP is a subsidiary of Deloitte NWE LLP, which is a member firm of DTTL, and is among the UK's leading professional services firms.

The information contained in this press release is correct at the time of going to press.

For more information, please visit www.deloitte.co.uk

Member of Deloitte Touche Tohmatsu Limited

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