Governance Research Digest – December 2012
The “Canada and the Green Economy” report explores how the country deals with five aspects of green economic thinking, including governance and measurement, and what Canadian business and the accountancy profession can do to facilitate the transition. The report draws on information from experts at two green economy roundtable events held in Toronto and Vancouver this year.
- The green economy and the accountancy profession will play critical role in ensuring the preservation of the country’s natural resources for the future generations.
- Government policy was cited by 50 percent of respondents as the most important driver of the green economy, followed by consumer demand (46 percent), new market opportunities (36 percent and pressure from investors (32 percent).
- Some 46 percent of delegates surveyed said the adaptation and transition from existing business models is the most critical challenge posed by the green economy for business in the next five to 10 years.
- Clarity about global and national frameworks and targets was chosen by 35 percent of those surveyed, followed by consumer engagement (31 percent) and access to investment (29 percent).
- The report includes case studies on the following companies: Walmart, Better Place, Loblaw, Domtar and Vancity.
ACCA (Association of Chartered Certified Accountants)