24 Aug '11, 2pm

CFO’s Sustainability Role Still Growing, E&Y Says

Recent trends in corporate sustainability are changing the CFO’s role in the three critical areas of investor relations, external reporting and financial risk management, according to an Ernst & Young report. The report says that while sustainability issues have traditionally fallen outside the jurisdiction of the chief financial officer, job silos are crumbling as investors, customers and other stakeholders increasingly evaluate companies on their “triple bottom line” (see illustration, above ). Increasingly, CFOs are getting involved in the measurement, management and reporting of companies’ environmental activities. CFOs must now help communicate a robust sustainability story through the company’s investor relations, Ernst & Young says. “Work with your sustainability team to develop a sustainability story for your organization. If current trends continue, the CFO could ...

Full article: http://www.environmentalleader.com/2011/08/24/cfos-sustai...

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