My Dear BCAS Family,
As I begin to pen my thoughts, Mumbai and many parts of the country are experiencing unusual heat, with temperatures frequently breaching normal ranges. Further, by the time the issue reaches you, the monsoon season will also be underway in many parts of India. Recent reports by the Indian Meteorological Department indicate that the El Niño effect will reduce monsoon winds in 2026, raising the possibility of a below-normal monsoon in several areas. All this is part of the broader global phenomenon of climate change, which manifests in several other forms, such as retreating glaciers, melting snow, and rising sea levels.
Accordingly, climate change is no longer an environmental concern to be debated in scientific journals and conferences, but a defining economic, social, and governance challenge. Its implications extend far beyond rising temperatures and extreme weather events; it is fundamentally reshaping the way businesses operate, governments regulate, and professionals deliver value.
This has made me reflect on the theme of climate change and its impact on professionals and institutions like ours.
IMPACT ON PROFESSIONALS
As CAs, our domain expertise has traditio