Association of International Accountants (AIA)
Climate Impact & Sustainability Data (2024)
Reporting Period: 2024
Environmental Metrics
ESG Focus Areas
- Sustainability
- Net Zero
Climate Goals & Targets
Long-term Goals:
- Net Zero emissions by 2050 (mentioned as a common target, but no specific AIA goal)
Environmental Challenges
- Difficulties in monitoring and achieving Net Zero targets globally.
- Lack of detailed plans to meet Net Zero goals by 2050.
- Inconsistent policies and regulations across different jurisdictions.
- Substantial economic investment and systemic changes required for Net Zero transition.
- Challenges in accurately measuring and verifying emissions reductions.
- Reliance on unproven carbon removal technologies.
- Risk of carbon leakage and burden shifting.
- Potential for Net Zero to overshadow immediate emission reductions.
- Environmental and ethical concerns related to certain carbon removal technologies.
- Global disparities in resources and capabilities for achieving Net Zero.
Mitigation Strategies
- Use of Net Zero Tracker to assess emission levels.
- Advocating for robust and consistent policies and regulations.
- Promoting transparency and credible reporting (avoiding greenwashing).
- Emphasis on proven emission reduction strategies.
- Addressing carbon leakage through international cooperation.
- Ensuring equitable support and financing for developing countries.
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: GRI, IFRS S1 and S2, European Sustainability Reporting Standards