Grappling with environmental, social, and governance (ESG) risks and opportunities has been a focal point for finance leaders over the past few years as regulatory requirements increase. As a result, more CFOs are looking to incorporate ESG metrics into their long-term strategic operations.
The 2023 Global Finance Trends Survey Report by global consulting firm Protiviti found that “ESG metrics and measurement” is the top priority for both public and private company CFOs and finance leaders in the coming year. Protiviti surveyed more than 900 finance leaders worldwide. ESG metrics ranked 14th on the list of priorities the previous year.
“Three out of five (60%) of organisations indicate a substantial increase in the focus and frequency of their reporting related to ESG issues,” the report said, “and there is a notable jump in finance groups in which measuring and reporting on ESG risks and issues is becoming part of their role.”
The report said that “leading CFOs are fostering new and more cross-functional collaboration and training on ESG matters”, but challenges remain. “Supply chain teams may need support with sustainable sourcing strategies. Business-to-business partnerships may…
