Sustainability Initiative


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Sustainability Initiative

  1. 1. Sustainability Initiative<br />C. E. Brown, CPA<br /> International Tax Specialist<br />
  2. 2. Charles E. (Eddie) Brown Resume<br />Director of tax for SwaimBrown PA, a CPA firm with offices located in Spartanburg and Clinton, South Carolina.  <br />1974 graduate of the University of South Carolina. <br />Entire accounting career in public practice.  <br />Developed international tax niche, primarily working with inbound issues.  <br />Gained a variety of cultural exposure by traveling to approximately 30 countries.  <br />Firm is a member of PKF, an international association of CPA firms.  <br />Has passion for excellence in the CPA profession, specifically in South Carolina. <br />Serves on the Executive Committee of the SC Association of CPA’s.<br />
  3. 3. Background<br />Increased Recognition by Governments and Businesses Around the World<br />A Broad Concept that Combines Long-Term Profitability with the Stewardship of Natural Resources and Preservation of the Physical Environment<br />An Array of Legislative and Regulatory Responses are Already in Place Around the World<br />
  4. 4. What it is Not<br />Not an administrative Project<br />Not About Government or New Law<br />
  5. 5. Awareness<br />A Tremendous Opportunity for the CPA Profession to Step Up<br />We Can Educate as to the Measures and Means of Measurement<br />Not Yet Any “Official Rules”<br />
  6. 6. “Triple Bottom Line”-Market Driven<br />Economic Viability<br />Social Responsibility<br />Environmental Responsibility<br />
  7. 7. Wal-Mart Announcement<br />July 2009 Announced Plans for a World Wide Sustainability Product Index<br />Has 100,000 Suppliers Asked to Focus on: <br />Energy and Climate <br />Material Efficiency <br />Natural Resources and <br />People and Community<br />Working with a Consortium of Universities<br />
  8. 8. AICPA Sustainability Initiative<br />International Thought Leadership<br />U.S. Thought Leadership<br />Member Resources<br />
  9. 9. SCACPA Sustainability Initiative<br />Internal Goal to “walk the talk”<br />Self-assess the West Columbia office<br />Assist with Alerting and Empowering our Members<br />
  10. 10. ChallengeFromChairoftheAICPA<br />Take the Lead!<br />Develop Guidance that Will Increase Value<br />Seek Out Hugh Cost Savings for Communities, States and Country<br />Make Sustainability a Key Pillar in Your Business Planning<br />
  11. 11. ChallengeFromPresident of SCACPA<br />Echo Those of the Chair of the AICPA<br />Place South Carolina in a Leadership Position – An Example for Others to Follow<br />Consider a Sustainability Audit for Our Own CPA Firms<br />Move This Positive Concept to Business & Industry Throughout Our State<br />Let’s Move Our State from the Bottom of the List to the Top – From 50th to First!<br />
  12. 12. Wikipedia - <br />Sustainability, in a broad sense, is the capacity to endure. In ecology, the word describes how biological systems remain diverse and productive over time. For humans it is the potential for long-term maintenance of wellbeing, which in turn depends on the wellbeing of the natural world and the responsible use of natural resources.<br />Sustainability has become a wide-ranging term that can be applied to almost every facet of life on Earth, from a local to a global scale and over various time periods. Long-lived and healthy wetlands and forests are examples of sustainable biological systems. Invisible chemical cycles redistribute water, oxygen, nitrogen and carbon through the world's living and non-living systems, and have sustained life for millions of years. As the earth’s human population has increased, natural ecosystems have declined and changes in the balance of natural cycles has had a negative impact on both humans and other living systems.[1]<br />There is now abundant scientific evidence that humanity is living unsustainably.[2][3] Returning human use of natural resources to within sustainable limits will require a major collective effort. Ways of living more sustainably can take many forms from reorganizing living conditions (e.g., ecovillages, eco-municipalities and sustainable cities), reappraising economic sectors (green building, sustainable agriculture), or work practices (sustainable architecture), using science to develop new technologies (green technologies, renewable energy), to adjustments in individual lifestyles.<br />
  13. 13. Government Ordered to Lead Way on Sustainability<br />On October 5, President Obama signed a new Executive Order on Federal Sustainability, which challenges all federal agencies to lead by example in energy and environmental performance. The Order gives them 90 days (January 5, 2010) to set a 2020 greenhouse reduction goal and also sets targets for; efficient, sustainable buildings, <br /> reduced petroleum use in vehicles, <br /> water efficiency, <br /> waste reduction, <br /> purchasing green technologies and products, <br /> and supporting sustainable communities. <br />Council on Environmental Quality chair Nancy Sutley added that " putting Federal purchasing power to work – more than $500 billion per year in goods and services – the government can build on the momentum of the Recovery Act to help turn good entrepreneurial ideas into great American enterprises that create jobs.”<br />
  14. 14. Dow Jones Sustainability Indexes<br />Launched in 1999, the Dow Jones Sustainability Indexes are the first global indexes tracking the financial performance of the leading sustainability-driven companies worldwide. Based on the cooperation of Dow Jones Indexes, STOXX Limited and SAM they provide asset managers with reliable and objective benchmarks to manage sustainability portfolios. <br />Currently more than 70 DJSI licenses are held by asset managers in 16 countries to manage a variety of financial products including active and passive funds, certificates and segregated accounts. In total, these licensees presently manage over 8 billion USD based on the DJSI.<br />