Prof. Michael Mainelli | Accounting for Sustainability | Ethical Finance 2020

In this session from the Ethical Finance 2020 summit, Prof. Michael Mainelli, founder of Z/Yen and Longfinance, and Sheriff & Alderman of the City of London, speaks to GEFI founder and Managing Director, and Chartered Accountant, Omar Shaikh on the issue of accounting sustainability.

A qualified accountant, Prof. Mainelli asks serious questions of the accounting profession as a whole, asking whether they are right for the job when it comes to carbon accounting, or simply in it for the money.


Ethical Finance 2020 (EF2020) will convene the world’s foremost business, political, civic and social leaders for a virtual summit to network, share, co-develop and shape a fairer, more sustainable financial system. The annual Ethical Finance summit is organised by the Global Ethical Finance Initiative (GEFI), which coordinates a series of programmes to promote finance for positive change.

It is now widely recognised that the financial services sector has a fundamental role to play in delivering universally supported targets such as the Paris Agreement and the UN’s Sustainable Development Goals, as well as supporting economic recovery from the COVID-19 pandemic. However, despite its potential, the current financial system can be a cause – rather than a solution – to some of the pressing challenges our planet and its people currently face. Ethical Finance 2020 explored how the finance services can support inclusive economic growth without depleting natural resources or leaving anyone behind.

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