Accelerating the green transition requires measures to steer financing towards more sustainable production and consumption patterns. Cross border transactions are at a high level in the Nordic. Strengthening the interconnectedness and co-dependency in the Nordic area will increase the robustness in the region when facing the predicted climate risks that are likely to occur the coming decades. Covid-19 has taught us the importance of resilience beyond the global value chains.
In order to maintain the local activity in the region, we need Nordic companies that actively cooperate to create a new framework for sustainable products and develop new solutions that have a net positive climate effect. Those companies that rethink the business model will have a major competitive advantage.
This progressive transition to a sustainable economic system is an indispensable part of the new EU industrial strategy. Also, many large Nordic companies has set their own bold climate goals the last years. We see companies like IKEA, Flokk, Asko, Norgesgruppen, and Bergans wanting to be climate neutral within 5 – 10 years. This has a huge impact for all their small suppliers, who are accountants’ customers, and who will have to develop climate neutral products and services and to document and report on the process.
This means, very soon all Nordic companies must keep a record of climate footprint, measure and report on circularity. Today’s standards for sustainability reporting are developed with the large companies in mind and is difficult for smaller companies to adopt. We need a Nordic objective reporting standards that are applicable for SMEs. This is the mission we have set out to do.
“The goal is to accelerate the green transition in the region by helping accountants advise their customers – the SME’s.”
