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Sustainability Performance Management: How CFOs can Unlock Value
January 18, 2012
This recent study by Accenture and the Charted Institute of Management Accountants make a robust case for the role of the CFO and the finance function in corporate sustainability. “Plenty of people can advise an organisation on how sustainability performance should be measured,” the report says, “But few are as convincing as the CFO when it comes to demonstrating not only what should be measured but also how this creates business value and sustainable organisations.”
The report makes the point that the finance team has visibility into every part of the enterprise. And it has unparalleled credibility when it comes to defining, tracking and reporting metrics. An organization that wants to manage and improve sustainability performance the way it manages any other aspect of its performance should give the CFO and the finance team and key role in defining and managing sustainability performance, it says.