Businesses in Fiji are increasingly prioritizing environmental sustainability and the importance of sustainability reporting, as highlighted by Mitesh Mudaliar, director of New Zealand-based Pri-Plan Ltd. He emphasized these points during a recent FICA sustainability training held at the Holiday Inn in Suva. Mudaliar stressed the significance of understanding planetary boundaries and how they affect both global and local contexts, urging companies to align their practices with the Sustainable Development Goals—a global framework for sustainability.
The training focused on the three pillars of sustainability: environmental, governance, and social. Mudaliar encouraged businesses to prepare for future legislation and adapt their practices accordingly, underscoring the role of accountants as sustainability leaders within their organizations. Daljeet Singh, FICA’s executive director, recognized Mudaliar’s contributions, noting the necessity of sustainable practices for business viability in Fiji.
The event is part of a larger effort by FICA, having conducted several sessions on sustainability and climate accounting throughout 2023. These initiatives reflect a growing commitment in Fiji to not only adapt to changing environmental regulations but also to harness sustainability as a driver for business efficiency and community well-being.
This proactive approach highlights Fiji’s determination to create an environmentally sustainable framework that can benefit its economy while addressing pressing climate challenges. The collaborative training sessions serve as a foundation for fostering stronger organizational practices that can lead to a more sustainable future for the nation.
In previous discussions on sustainability, Fiji’s integration of legislative support, such as the Access to Funding Bill, emphasizes empowering Micro, Small, and Medium Enterprises (MSMEs) in adopting eco-friendly practices and enhancing their resilience within the marketplace. Initiatives like these send a hopeful message that sustainability is not just a necessity but an opportunity for economic growth and responsible stewardship in Fiji.
Overall, Fiji’s increasing emphasis on sustainability through education and regulation showcases a promising trend towards achieving a greener, more resilient future that can inspire positive changes across various sectors.
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