The Association of Chartered Certified Accountants (ACCA) has said in its latest report that the private sector operating across Africa is at the forefront of delivering the 2030 Sustainable Development Goals (SDGs) 2030 agenda.
In a report entitled ‘The Sustainable Development Goals: Redefining context, risk and opportunity across Africa’ the report said at all scales, from multinational to microenterprise, businesses will be interacting with the issues that the SDGs set out to build this new type of prosperity.
It also added that professional accountants will have a key role to play in helping business achieve these new socio-economic benchmarks.
“The private sector operating across Africa is at the forefront of delivering the 2030 Agenda.
“Countries across Africa are going through unique processes of economic transformation. The SDGs provide a roadmap for the continent to build prosperity that is ready for the future.”
“Africa’s business and finance industries have a critical role to play alongside in helping governments deliver the UN Sustainable Development Goals (SDGs), and accountants can be at the front line of mobilising collaborative action.
“The SDGs —an ambitious global framework for countries to achieve by 2030 —set out the building blocks of a new type of inclusive prosperity creation. As the global economy increasingly comes up against new complex and interconnected challenges, the report notes that finance professionals are well-placed to bring together business, finance and government to deliver on this important commitment,” said the report.
Commenting on the report, the head of ACCA Africa, Mr. Jamil Ampomah, head of ACCA Africa said: “The private sector operating across Africa is at the forefront of delivering the 2030 Agenda. At all scales, from multinational to micro enterprise, businesses will be interacting with the issues that the SDGs set out to build this new type of prosperity.
“Countries across Africa are going through unique processes of economic transformation. Not only do they share new global risks and opportunities with other countries, but they also have their own context specific issues that are challenging and complex. The UN Sustainable Development Goals (SDGs) provide a roadmap towards building prosperity that is ready for the future.”
He also said professional accountants across Africa are facing growing demands for greater precision in reporting on performance beyond the financial, and to provide strategic advice about the impacts and opportunities that the new operating context horizons engender.
The implementation of successful strategies that deliver the inclusive, enduring prosperity required to take on global issues that the SDGs encompass will require an unprecedented degree of collaboration, innovation and problem solving skills that will test and overturn traditional orthodoxies.
“To make delivery of the SDGs a reality will demand investment, innovation, evaluation and communication. Across these areas the role for the professional accountant is clear. Their unique role in helping businesses with the proposition, creation and capture of value, and their trusted position in effective assessment and communication of progress made, will be vital towards achieving these new benchmarks and building a more sustainable future,” he added.
For his part, the head of sustainability at ACCA, Mr. Jimmy Greer said: “Our global research has identified a clear role for professional accountants in delivery of the SDGs. Through learning and sharing experiences of ACCA members working in business and finance across Africa, and how they can be involved in the challenges and opportunities presented by the SDGs, we can continue to strengthen our knowledge platform and its on-going mission of activating the profession to play its part in building the global economy of the future.”
The report is a follow-up to ACCA’s 2017 report ‘The Sustainable Development Goals: redefining context, risk and opportunity’ which recently received an honours award from the United Nations Conference on Trade and Development (UNCTAD) intergovernmental working group of experts on international standards of accounting and reporting.