The CFO's Role in CSR Reporting
By Sarah Ford on April 28, 2014
Source: Wdesk Blog
When we hear the title Chief Financial Officer, we tend to think of financial performance indicators, not corporate social responsibility. However, the mindset among CFOs toward CSR is changing. CSR highlights various reputational and operational risks that shouldn't be overlooked, including compliance issues.
The implementation of CSR reporting across all industries is becoming more common. Companies are beginning to see substantial business opportunities around sustainability. This, along with a multitude of other factors, has more CFOs paying closer attention to CSR.
The following blog, "The CFO's Role in CSR Reporting," breaks down the key factors leading CFOs to rethink their involvement in the CSR process. Among the topics covered are:
- Relevance of CSR to investors
- Risk potential related to CSR
- Potential business opportunities with sustainability