Synopsis:
This module will explore the interplay between accounting, sustainability communication, and greenwashing, a phenomenon where companies make misleading or false claims about their environmental performance. The module will examine how financial reporting practices can help combat greenwashing and discuss the potential conflicts between short-term objectives and long-term sustainability goals. Through real-world examples, participants will learn to identify instances of greenwashing and understand the important role of accounting in promoting transparent and reliable sustainability evidence concerning various stakeholder groups.
Participants will also gain insights into the evolving landscape of sustainability reporting frameworks, such as the Global Reporting Initiative (GRI) and IFRS Sustainability Disclosure Taxonomy, evolving legislation, and their impact on curbing greenwashing practices. The module will also explore internal stakeholder communication and the role of accountants in sustainability practices and data gathering behind the evidence that companies need to combat greenwashing. By the end of the module, participants will have developed a critical understanding of accounting and its connection with greenwashing so they are better equipped on how to approach authentic sustainability commitments in their professional roles.
Intended For:
Competency Mapping: