Nine ESG Actions CFOs and Finance Leaders Can Take Today
Key Takeaways
⇨ Environmental, social, and governance (ESG) concerns are a top priority of CFOs today.
⇨ CFOs should take a prominent role in tracking, reporting and improving performance against their company’s ESG goals.
⇨ Leaders should be prepared to be flexible, designate resources, and keep the big picture in mind.
Environmental, social, and governance (ESG) strategy and reporting are taking center stage as a top priority of many businesses today. Because of their position within the organization, CFOs are uniquely qualified to take action on such ESG initiatives. Yet many feel they are underprepared or unqualified to take the steps needed to enact ESG initiatives.
In this article, you will learn nine key actions that CFOs and other business leaders should take when they begin to implement formal ESG strategies and reporting in accordance with regulations and best practices.
As with any other long-term initiative, planning is key. However, leaders must also be prepared for plans to change, and have flexibility built into any roadmap. It is also crucial that leaders are ready for any audits that come there way, know how to designate their ESG data resources, and engage with a broad group of stakeholders.
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