Sustainability: CFOs are coming to the table
This report paints a clear picture of a CFO function whose attitude toward sustainability is in transition.
CFOs are engaging with sustainability
That's the finding of the 2012 Sustainability & the CFO Study, undertaken on behalf of Deloitte Touche Tohmatsu Limited and its member firms by independent analyst firm Verdantix.
For much of the 250 CFOs surveyed - representing companies with greater than US$1 billion inrevenue each, across 14 countries on five continents - sustainability is integral to how their businesses run.
These attitudes are reflected in 10 key findings.
- Sustainability is seen as a key driver of financial performance
- Organisations are transforming in response to the sustainability imperative
- Sustainability is becoming operationalized
- CFO involvement with sustainability is deepening
- Sustainability aspects of tax and financial reporting have gained significant mindshare among CFOs in 2012, perhaps reflecting regulatory developments
- Energy management still topped the list of issues
- Gaining ground on the investment front: videoconferencing equipment, data center improvements, and electric vehicles
- On the risk front, energy and commodity price volatility and availability remain top of mind. CFOs also continue to be concerned with assessing sustainability compliance risk - and are increasingly concerned with assessing susytainability supply chain risk
- Superior sustainability information is still somewhat elusive for CFOs
- Which CFO audience has become increasingly concerned with sustainability in 2012? Employees.