Newry accountancy firm FPM launches specialist ESG division

New unit will support businesses to build sustainable futures

Aveen McShane, ESG director at FPM
Aveen McShane, ESG director at FPM (Kelvin Boyes)

Newry-headquartered chartered accountancy and business advisory practice FPM has launched its own environmental, social and governance (ESG) division to support businesses build sustainable futures.

Aveen McShane has become ESG director at the leading island of Ireland firm, which is now part of the £80 million turnover AAB Group.

She said: “In today’s rapidly changing business landscape, ESG factors are becoming increasingly important considerations for investors, regulators, and consumers.

“It has been consistently highlighted that companies performing strongly across all three factors of ESG have been shown to be more profitable, with one study finding up to six times more.

“These businesses not only mitigate risk, but also stand to gain a competitive edge by fostering long-term resilience and value creation.”

In line with the global imperative for decarbonisation, ESG reporting legislation is ramping up around the world, and in the last year reporting changes have been written into EU regulations and will be written into UK regulations over the next three years, impacting a range of businesses from larger companies through to SMEs.

Aveen added: “FPM recognises the critical role businesses play in addressing pressing global challenges, such as climate change and social inequality.

“Our ESG proposition is designed to support businesses in embracing sustainability as a core component of their operations, driving positive outcomes for both society and the bottom line.

“It not only complements our existing portfolio of business and professional services, but also adds significant value to our clients, both established and new.

“ESG is considered a key growth area within FPM and the wider AAB Group, with plans including further recruitment, team development and training.”