Issue link: https://resources.tangoanalytics.com/i/1522476
IMPLEMENTING SUSTAINABILITY Internal Operations Accounting firms should not only offer sustainability services to clients but also practice it themselves, whether they fall under the jurisdiction or reporting mandates. Firms that embrace sustainability into their core firm principles are also better equipped to build trust with clients by demonstrating environmental awareness and incorporating ESG considerations into the scope of their accounting services. This involves tracking their sustainability KPIs and publishing sustainability reports, which showcases their commitment to sustainability. Accounting firms should also decarbonize and green their operations by adopting energy efficiency upgrades or renewables to reduce GHG emissions, encouraging sustainable travel options, and more. Software platforms play a crucial role here, with cloud computing and digital tracking tools reducing the need for physical resources and allowing firms to track energy consumption and other metrics for any office space. Expanding Service Offerings Accounting firms can expand their service offerings by integrating sustainability consulting, data advisory services, and enhanced reporting capabilities. This not only provides comprehensive support for clients navigating their sustainability journeys but also positions the firm as a full-service provider in this critical area. Firms that have not already done so should start upskilling their departments with sustainability knowledge and professional skills development to ensure their employees can audit and validate the efficacy of controls on sustainability data, conduct activities to identify gaps, assess risks, and formulate recommended courses of action for companies. Sustainability & Energy Management Simplified