Focus on GFEC signatory: CIMA

Green Finance Institute / Sustainable Finance Education Charter / Focus on GFEC signatory: The Chartered Institute of Management Accountants (CIMA)
The Chartered Institute of Management Accountants® (CIMA®), founded in 1919, is the world’s leading and largest professional body of management accountants, with members and students operating in 177 countries, working at the heart of business.

In 2017, members of CIMA and the American Institute of Certified Public Accountants (AICPA) formed the Association of International Certified Professional Accountants, bringing together the best of both organizations to drive excellence within the accounting profession and support for the Chartered Global Management Accountant (CGMA) and Certified Public Accounting (CPA) designations. With the combined strengths of CIMA and the AICPA, the Association is committed to advancing the profession and protecting the public interest, speaking with the power of more than 650,000 professional accountants and students around the world.

Who are CIMA’s Members?
CIMA members and students work in industry, commerce, the public sector and not-for-profit organisations. CIMA works closely with employers and sponsors leading-edge research, constantly updating its qualification, professional experience requirements and continuing professional development to ensure it remains the employers’ choice when recruiting financially trained business leaders.
How does green finance affect them?
Our members and students have an important opportunity to help organisations implement and demonstrate a commitment to green finance business practices that consider stakeholder and environmental impact and drive long-term value creation.

They are the individuals, teams and finance functions to make a difference because of their skill sets and knowledge in organisational governance, strategy, risk management and performance through metrics and targets. They own the processes, systems, data, management information and reporting that support a transition to sustainable businesses. Finally, they support sustainable decision-making through their business analysis, and assurance of both financial and non-financial data.

What is CIMA doing to support its members?
We believe that we will see profound changes in the next few years in the work of management accounting and public accounting to embed new practices and standards relating to ESG. The Association (AICPA & CIMA) will continue to provide education and guidance to all areas of the profession, ensuring that it is ahead of this transformation.

Green Finance Education Resources Available

Find out more about our support for the Green Finance Education Charter:

CIMA Global Research & Insight webpage

Andrew Harding, FCMA, CGMA, chief executive – management accounting, at the Association said:
Organisations around the world are resetting the way they think about sustainability, and this has significant impact on stakeholders’ trust in their non-financial data, risk management procedures and business recovery. As core members of almost every business, government and non-governmental organisation, CGMA designation holders play a pivotal role in providing non-financial and financial management information to drive business performance, develop strategies and influence decision making. They bring a unique set of skills and knowledge to the table and can work with stakeholders to integrate responsible practices into their business and operating models.