29 Aug '11, 3pm

CFO Role Expands As Corporate Sustainability Increases

The role of Chief Financial Officer (CFO) is evolving in areas of investor relations, external reporting and financial risk management, as corporate sustainability issues become more important, according to a new report by Ernst & Young. The report notes that in the past, CFOs simply ran the numbers, letting other executives handle soft issues such as social responsibility and corporate citizenship. But as investors, customers and stakeholders exhibit an increasing desire to connect financial performance to social and environmental impact, CFOs are having to expand the scope of their responsibilities. Most recently, increased pressure for CFOs to understand and engage in the measurement and management of environmental and social performance has come from institutional investors and equity analysts - particularly as environmental, social and governance (ESG) information bec...

Full article: http://www.sustainablebusiness.com/index.cfm/go/news.disp...

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