Driving humanity’s success by recording and advising on money-based transactions has been the superpower of accountants for centuries.
The world is changing and using money as the primary measure of success is no longer enough. We are accelerating into a new era of responsible capitalism, where items that did not carry a monetary valuation (natural and social capitals) are being called into account.
The time has come for accountants to use their superpowers to save the world.
Accountants can sign up for this new 3-part CPD series hosted by the
Association of International Accountants
Beginning on 14th November 12.30 – 1.30pm
Dr Peter Ellington
Founder of Triple Bottom Line Accounting & Associate Professor at Norwich Business School
Visiting fellow at the University of East Anglia, where she teaches Sustainable Finance on the Executive MBA programme.
ESG director at Triple Bottom Line Accounting
Triple Bottom Line Accounting for Capital:
Money-measured capital: The measurement of possessions gathered through the creation of monetary wealth and day-to-day movement in economic transactions.
Natural capital: The essential resources on which humanity and all living things depend, provided free from nature, including air, water, soil, plants, food, biodiversity, and climate.
Social capital: How we function together as people; it enables society to be effective. It includes collaboration, fair distribution, trust, participation, and caring for each other.
Merging of the three capitals
Rewards and penalties for appropriate stewardship of natural and social capitals are having a greater and accelerating impact on money-measured capital. For organisations to succeed and survive, accountants must measure the use and protection of all three capitals.
Accountants must use their superpowers to manage the three capitals and save the world.
Free CPD for accountants and finance professionals available here funded by the AIA
Module 1: What Does Sustainability Mean For Accountants? 14/11/2022:
Module 2: Climate Change – Net Zero and Carbon Accounting 05/12/2022
Module 3: Why ESG Values Are Integral To Future Economic Sustainability 09/01/2023
Fran joined TBLA in 2019 after a long career in teaching. Her roles include human resources management, ESG and Marketing. During 2020 and 2021 she developed the TBLA Environmental, Social and Governance (ESG) impact service. As part of the process, she has carried out an impact analysis of the TBLA social and governance profile and a whole company carbon calculation with accompanying target setting, carbon reduction action plan and impact narrative. Fran is now working alongside the growing ESG team to help more SMEs plan for Net Zero around the UK. Fran is also on the board of the Norwich Business Climate Leaders hoping to accelerate the transition to Net Zero.