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Sustainability & Converging Digital Tech will Drive the Future of CAs

Businessworld India

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15 July 2023

RECENTLY IN LONDON some of us witnessed history being created. The first two Sustainability Standards S1 and S2 were unveiled to the world.

- SHAILESH HARIBHAKTI

Sustainability & Converging Digital Tech will Drive the Future of CAs

This is a massive consolidation and a new direction for Reporting. Integrated Reporting and SASB are effectively merged into the International Sustainability Standards Board under the IFRS (International Financial Reporting Standards) Foundation.

Scope 3 evaluation and reporting for all entities is being positioned as essential for meeting acceptable Net Zero commitments. If this is not done, eligibility for Carbon Credits will come into question. Workload for sustainability professionals including CAs will explode globally! Digital platforms like Goveva will become very crucial in this context.

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