25 Jul '11, 8am

#Sustainability and the importance of the CFO

It is typical in organisations for the CFO to be ultimately responsible for: investor relations, facilities, purchasing, human resources and IT. Moreover, CFOs have a unique vantage of operations, by seeing it from a purely financial paradigm. And, therefore, many of the business risks and opportunities exposed through a coherent sustainability strategy involve teams who lie under the ultimate control of the CFO. Yet, research shows CFOs who do not feel the pressure for a sustainability strategy from the CEO are left feeling under whelmed by the sustainability agenda – which exposes a paradox. Meanwhile, investor pressure towards sustainability is ever increasing. In a 2009 Carbon Disclosure Project (CDP) report of investors – 77 per cent of respondents factor climate change information into investment decisions citing ‘carbon risk’ and ‘potential regulation’ as motivation...

Full article: http://www.eco-business.com/opinion/sustainability-and-th...

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