Blogs and articles

As stakeholder capitalism accelerates the environmental, social and governance (ESG) agenda, more companies are recognising the crucial need to integrate ESG considerations into their business decisions and operations.

Energy is critical to our economies and daily lives, and in today’s world, where geopolitical tensions and the green agenda have global impact, it has never been more important for countries and businesses to plan ahead and adopt sustainable energy strategies. Proactive energy planning is essential in an era of interconnected energy markets, growing concerns about energy security, cost management, and environmental responsibility. By doing this, countries and businesses can gain a competitive advantage and achieve long-term stability in an ever-changing world.

With ESG considerations now driving government and corporate decision making, the need for change is intensifying and responsibility for it is extending far and wide across industries and professions. In particular, the finance sector has a key role to play in facilitating the change our world demands.

With the Climate Clock counting down to an ecological doomsday in under seven years, it's clear that urgent action is needed if we want to limit global warming to 1.5°C. Government officials worldwide are increasingly turning to the private sector as core partners in tackling climate change. However, their investment is not keeping pace with the scale and speed required for a successful transition.

There is an urgent need to expedite the sustainable rebuilding of economies around the world. As governments and business continue to chart their post-coronavirus recovery paths, they must not lose sight of the wider challenges of the climate emergency, massive biodiversity loss and increasing inequality.

As the UAE continues to diversify its economy away from oil, the maturity of the business landscape and introduction of new fiscal policy has significantly enhanced the role and responsibilities of accountants. The introduction of taxation, IFRS compliance and a higher standard of corporate governance, are putting the accountancy profession at the forefront of driving economic growth.

International Women’s Day is a day to reflect on the social, political, cultural and economic achievements of women. While women’s equality has made positive gains in the last 50 years, the reality is much of the world remains unequal.

The recent bankruptcy of cryptocurrency exchange FTX has left many people feeling uneasy and questioning the security of the crypto market as a whole, which was already plagued by plummeting digital asset prices. However, the failure of a single exchange should not be taken as a reflection of the integrity of blockchain technology. In fact, it serves as a reminder of the need for regulation in the crypto space in order to protect users and foster the growth of this innovative technology, particularly for the accountancy profession.

The accounting profession has been adapting to technology since the invention of the abacus in the second century BC. Now, with the explosion of big data, the increasing affordability of advanced analytics, and the adoption of artificial intelligence (AI) and blockchain, the industry is entering a new era of transformation. This digital transformation will revolutionise the practice of accountancy and have implications for entire businesses, societies and economies. By embracing the technological changes of the Fourth Industrial Revolution, Chartered Accountants can ensure they remain relevant...

The call for financial discipline is more relevant than ever before.