Climate Change has been impacting on the cost of doing business globally with increasing resource scarcity over the past 40 years! With the current global GDP of $87.55 trillion, a study from 2015 found that an increase of 4.5°C in global temperatures could shrink the global domestic product to $72 trillion. Accountants globally can play a key role by helping businesses in measurements of carbon footprint, carbon credits and build a sustainable supply chain to reverse the adverse effect of climate change. Accounting outsourcing companies, taking a collaborative approach with their clients and entire ecosystem can help to reduce carbon emission from the backend operations.
Learn more: Role of accountants in helping to reverse climate change
