The President of the Institute of Chartered Accountants of India (ICAI) has urged CAs to play a pivotal role in India's green transition. Highlighting India's progress in renewable energy and sustainability initiatives, the President emphasised the critical need for sustainable finance to meet ambitious climate goals. The call to action encourages CAs to act as sustainability strategists, guiding organisations towards a balance of profitability and environmental responsibility, thereby contributing to India's vision of responsible global leadership.
Dear Professional Colleagues,
"Earth provides enough to satisfy every man's need, but not every man's greed - Mahatma Gandhi
I draw inspiration from the timeless wisdom of the Atharva Veda, which proclaims, "माता भूमिः पुत्रोऽहं पृथिव्याः" - the Earth is my mother, and I am her child. This profound truth reminds us of our sacred duty to protect other nature and the planet. As Indians, we are heirs to a civilization that reveres nature, worshipping the Sun, Moon, rivers, trees, and the Earth it
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FAQ :
The ICAI President has called on Chartered Accountants (CAs) to lead India's green transition and champion sustainability efforts across the nation.
CAs are encouraged to act as sustainability strategists, guiding organisations to balance profitability with environmental and social responsibility, and ensuring transparency and accountability in sustainable decision-making.
India's Panchamrit vision includes achieving 500 GW of non-fossil fuel energy capacity by 2030, meeting half of national energy needs through renewables, reducing carbon emissions by one billion tonnes, cutting carbon intensity by 45% by 2030, and attaining net-zero emissions by 2070.
Sustainable finance, particularly green finance, is crucial for mobilising the enormous private and public capital needed to meet India's climate commitments and achieve its ambitious sustainability targets.
ICAI is supporting sustainability through its Sustainability Reporting Standards Board, aligning with global ESG frameworks, offering training and certifications, and launching initiatives like Sustainability Month and the ICAI Carbon Emission Calculator.
The new Income-tax Act, 2025, simplifies tax laws and maintains the definition of 'accountant', reinforcing that Chartered Accountants are the sole professionals qualified for tax audits and related reports.