1、How CFOs further value creation by leading on sustainability Climate change,nature loss,and social inequality are reshaping the CFOs role.They may require a new way of thinking about value.by Renate de Lange-Snijders,Brigham McNaughton,Kevin OConnell,and Nadja Picard14 MARCH 2023 De Lange-Snijders i

2、s PwCs ESG leader in EMEA.She is a partner with PwC Netherlands.Brigham McNaughton coordinates PwCs engagement with the Sustainability Accounting Standards Board.He is a partner with PwC US.Kevin OConnell is the PwC US ESG Trust Solutions practice leader and the ESG leader for Global Asset and Wealt

3、h Management.He is a partner with PwC US.Nadja Picard is PwCs Global Reporting leader.She is a partner with PwC Germany.Once again,the CFOs job description is being rewritten.Most companies have defined the position with a singular emphasis on measuring,managing,and reporting traditional elements of

4、 financial value.Now,theyre increasing-ly tasking CFOs with various responsibilities that support their sustainability goals.Some CFOs welcome this widening of their remit,seeing it as a natural extension of their focus on long-term value and performance.Others still tell us they see environmental,s

5、ocial,and governance(ESG)factors as unrelated to financial performanceand well outside their purview.As one CFO quipped,“None of this is going to help us sell more or get better prices.”Yet wed argue that CFO leadership of sustainability initiatives is crucial for long-term value creationas well as

6、for ESG objectives.It starts with funda-mentals:many CFOs are already fielding questions from investors,and most companies can expect to face a barrage of reporting and compliance require-ments in the coming years.Here is where they can build trust among stakehold-ers,when supported by the Finance f