It is vital to understand the financial and legal risks revolving around environmental considerations that any company may face. Sufficient understanding allows a company to develop an appropriate business plan for sustainable value creation and growth.
As the threat and effects of global warming become more apparent, the need for green accounting is becoming more evident. The impact permeates every aspect and function of an organization, including its accounting. As more businesses shift to green accounting, it's important to understand what this concept involves and how it affects your accounting function. In this blog, we'll discuss the emerging ESG updates and how to pivot your company towards it.
