2016 awards launch press release

Building resilience into business is key to a sustainable economy

"Sustainability must be embedded into business decision making if a business is going to build resilience for the future" said George Cobb, Group Sustainability Accountant at SSE at the launch of the 2016 Finance for the Future Awards in Scotland, which took place in Edinburgh on Tuesday.

Scottish businesses heard from George Cobb, who won the Finance Leader of the Future Award in 2015. He was also part of the team from SHE Transmission who won the Large Business Award for their work on the Beauly Denny Transmission project. Delegates also heard from Eilidh Brunton, Group Recycling Consultant at Edinburgh-based eco-packing company, Vegware who won the SME category at the 2014 awards.

The awards recognise the key role played by the finance profession in helping create sustainable business models and economies. There will be a shortlisting event for this year’s awards in Edinburgh on 22 June, with successful Scottish companies progressing directly to the UK final. Winners will be announced at the awards ceremony in London on 13th October.

The Finance for the Future Awards are organised by ICAEW and The Prince’s Accounting for Sustainability Project (A4S) to highlight the importance of embedding sustainability in decision making – and how finance teams contribute to positive long-term environmental, social, economic and financial outcomes. The awards, which are in their fifth year, go beyond traditional environmental issues and corporate responsibility. They seek to celebrate organisations that put sustainability at the heart of their operations and strategy, with leadership and support from the finance team. 

Richard Spencer, ICAEW’s Head of Sustainability, who introduced the Edinburgh awards launch event, said, "It was good to be back in Edinburgh to launch the programme; last year’s Scottish candidates were of such good quality, we’re hoping for even better this year. We at ICAEW believe that accountants have a crucial leadership role to play in achieving the world envisaged in the global goals for sustainable development".

Christine Brogan, Director of The Prince’s Accounting for Sustainability Project (A4S) said, “Leadership and support from the finance team is crucial to enabling organisations to move towards sustainable business models.  The increasing number of entries from Scottish businesses highlights the tangible contribution being made.  We are looking forward to receiving more examples of how finance teams have inspired the creation of resilient businesses and the move towards a more sustainable economy."


Media enquiries:

Jane Walker, Regional Team, ICAEW Scotland, on 07855 801 337, or email janewalker_copy@hotmail.com

Deborah McSkimming, The Prince's Accounting for Sustainability Project 07476 147 573 or email deborah.mcskimming@royal.gsx.gov.uk

Notes to editors:

ICAEW is a world leading professional membership organisation that promotes, develops and supports over 144,000 chartered accountants worldwide. We provide qualifications and professional development, share our knowledge, insight and technical expertise, and protect the quality and integrity of the accountancy and finance profession.

As leaders in accountancy, finance and business our members have the knowledge, skills and commitment to maintain the highest professional standards and integrity. Together we contribute to the success of individuals, organisations, communities and economies around the world.

Because of us, people can do business with confidence.

ICAEW is a founder member of Chartered Accountants Worldwide and the Global Accounting Alliance.

ICAEW Scotland, has over 1,500 members who live and work in Scotland.

The Prince's Accounting for Sustainability Project (A4S) was established by HRH The Prince of Wales in 2004 to "help ensure that we are not battling to meet 21st century challenges with, at best, 20th century decision-making and reporting systems." A4S convenes leaders in the finance and accounting communities to catalyse a fundamental shift towards resilient business models and a sustainable economy.

A4S works with finance leaders to:

• Demonstrate the business case, increase engagement and build capacity to drive behaviour change that results in sustainable business practices.
• Develop practical tools, guidance and approaches that enable environmental, social and economic risks and opportunities to be reflected in decision-making.
• Facilitate the creation of an enabling environment for change through a shift to sustainable capital markets, and supportive regulatory and reporting regimes. 

A4S has two global networks – the Accounting Bodies Network whose members comprise approximately two thirds of the world's accountants and the A4S Chief Financial Officers Leadership Network, a group of CFOs from leading companies seeking to transform finance and accounting.