Skip to main navigation

How sustainability has expanded the CFO’s role - Five actions CFOs can take now to enhance corporate value through sustainability - EY - United States

How sustainability has expanded the CFO’s role

Five actions CFOs can take now
to enhance corporate value
through sustainability

  • Share


CFOs need the support of others, such as the CEO, legal counsel, and the heads of environmental, safety, IR, corporate responsibility and other functions.

As companies continue to recognize the benefits of sustainable business practices, they will begin to develop the tools needed to evaluate and measure their sustainability efforts.

As they do, their finance functions will become more deeply involved in decisions surrounding sustainability initiatives. The changing landscape means that sustainability, and the accounting related to it, have begun to resemble a new business function being rolled out to the overall accounting organization.

CFOs need the support of others, such as the CEO, legal counsel, and the heads of environmental, safety, IR, corporate responsibility and other functions. But CFOs are uniquely able to influence the organization, and to build a consensus toward action:



1 Actively pursue a sustainability and reporting program.
2 Ensure that those responsible for sustainability matters do not operate in isolation from the rest of the enterprise — especially the finance function.
3 Enhance dialogue with shareholders and improve disclosure in key areas, particularly those related to social and environmental issues.
4 Ensure that directors' skills are relevant to the chief areas of stakeholder concern, including risk management tied to social and environmental matters.
5 Consider using nontraditional performance metrics, including those related to environmental/sustainability issues.


<< Previous

Content

EY - cover of PDF: Six growing trends in corporate sustainability

Download Six growing trends in corporate sustainability as a printable document.
(2.55MB PDF)

EY - Webcast panelists discussing sustainability

Webcast: Bottom-line benefits of sustainability

Sustainable business practices can yield cost savings, tax benefits, operational efficiencies and more.

Related content


Press release


Contact us

Back to top