ESG and Shareholder Value

Businesses are transforming due to global challenges like climate change and societal inequality, requiring a reevaluation of corporate purpose, governance, and stakeholder accountability. Traditional financial accounting fails to measure non-financial capitals such as natural and social resources. Accountants must embrace a broader view of value creation and sustainability. Education must evolve to equip accountants with the skills to address these challenges and play a key role in developing sustainability standards and guiding businesses responsibly.