Paul Druckman speaks out on social and environmental sustainability and accountants

In this video Paul Druckman, CEO of the IIRC, talks with Carol Adams about his interest in social and environmental sustainability issues, their relevance to business and their place in the training of accountants.

Paul’s interest in sustainability led to him taking a Diploma in Environmental Management. He explains his concern regarding the lack of social and environmental sustainability considerations in capital markets.

With respect to the role of accountants in sustainability and the knowledge accountants have about sustainability, Paul argues that:

  • Accountants need to understand how social and environmental issues impact the business so that they can provide appropriate information for decision making.
  • Those who are ignorant of sustainability issues should not be able to call themselves Chartered Accountants.
  • Social and environmental sustainability needs to be embedded in the way the business operates.

The interview moves on to consider the development of integrated reporting and its link with sustainability reporting and the way in which integrated reporting is bringing social and environmental sustainability issues to the attention of the Board.

video shutterstock_186692249This is the first in a series of Durham University Business School video interviews with Paul Druckman.  In later videos Paul talks about: his concerns about capital markets and the need for a shift in views about value creation; the role of corporate reporting in providing better information to investors; the role of Business Schools in raising awareness about changes in the business and reporting context; and, the future of corporate reporting.

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  1. Thank you very much for hosting and sharing these very important and timely discussions. It is great to see such leadership in this area from Prof Carol Adams. Integrated Reporting requires holistic theories and thinking if business is to really change its methods and culture. This is the only way the change will be sustainable. Unfortunately, most business schools are siloed and profit-oriented in their thinking and practices, so paradigms also need to change very fast. The real world experience demands nothing else. I would also like such dialogues to explore cultural wisdoms of sustainable living and how their theories and experiences can be mainstreamed into business. Too much of thinking and leadership still is mono-cultural, and a lot of the planetary damage has originated in the West through its culture, values, greed and materialistic exploitation of people’s and nature. We cannot ignore this in our new desire for Integrated Business.

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