The forces driving the public efforts to mitigate climate change are planet-wide and gathering steam.
Accounting and financial professionals must help companies audit and manage these risks, costs and emerging opportunities.
For financial professionals, adopting a comprehensive energy management strategy can have other benefits for clients. For instance, many financial institutions require organizations to demonstrate environmental compliance before loan applications are approved, and more and more shareholders are considering a company’s energy and environmental reputation before investing. As well, meeting high GHG reduction standards is becoming increasingly demanded throughout the supply chain of large customers. In Ontario, cap-and-trade regulations provide new revenue opportunities in surpassing mandated greenhouse gas reductions by selling excess carbon-credits.
