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Murmu Urges Cost Accountants to Prioritize Environmental Costs

She highlighted their evolving boardroom influence as essential to steering India’s sustainable growth toward a developed nation by 2047.

Photo: ANI
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Overview

  • In her address, she declared sustainability a necessity in response to the climate crisis and urged corporates to factor environmental costs into profit models.
  • She said cost accountants’ skills in integrating environmental and financial accountability can shape corporate sustainability practices.
  • The president praised the Institute of Cost Accountants of India for its commitment to training professionals whose roles have evolved from factory cost controls to strategic management accounting in boardrooms.
  • She positioned cost accountants as instrumental in achieving India’s goal of becoming a developed nation by 2047.
  • She emphasized that accounting and accountability are deeply connected, underpinning the profession’s high societal esteem and its capacity to influence sustainable economic policy.