Environment and Sustainability

Sustainable development promotes economic growth, environmental sustainability and social development in both the developed and the developing world. As the current dominating paradigm of development, the principles of sustainable development have been adopted worldwide and have had a significant impact on international agreements and national policies and strategies. Sustainable development emphasizes the necessity to achieve further economic growth in an environmentally-friendly manner as past patterns of economic development have had serious implications on the global environment. Organisations require a new training regime that can offer a modern generation of entrepreneurs and leaders the right set of tools to balance both economic and environmental sustainability. Accountants also need to be burnished with new skills in valuing – to an auditable standard and quality – environmental impacts/costs consistently, such that firms could benefit from the potential efficiency gains from environmental accounting. KNCCI will pursue proactive industry involvement in the development and implementation of environmental policies and legislations.