The role and responsibilities of the CFO have been expanding for many years. CFOs are not only expected to work alongside the CEO on strategy and business transformation, but they must also have deep knowledge and insights about the risks and opportunities, business model, value creation processes as well as sustainability and ESG issues.
The deepening climate emergency as well as other environmental and social issues mean that achieving a resilient and sustainable business model has become more and more challenging.
Our CFO services include participating in strategic direction and operational decisions, and building a finance function that offers the capabilities and partnership to create enterprise value. Our team is not only equipped with advanced finance and accounting skills but also the latest sustainability and ESG knowledge. We can help you with both financial reporting obligations and sustainability reporting requirements.
We have seen increased demand from investors, communities and organisations who seek improvement on their sustainability & ESG performance and disclosure. Organisations focused on sustainability & ESG can achieve reduced costs, improved worker productivity, mitigated risk potential and created revenue-generating opportunities.
CFOs are closely involved in sustainability & ESG reporting and disclosure, modelling financial impacts, prioritising investments, setting up relevant controls, policies and procedures, and exerting financial discipline to create and preserve enterprise value.
Integrated Reporting uses a holistic approach of Integrated Thinking, which stresses the connectivity between an organisation’s financial and non-financial information, as well as past performance, current results and future aspirations.
Integrated thinking requires the CFO and their finance team to move from accounting for the balance sheet to accounting for business and value creation. As Mervyn King, Chair Emeritus of the International Integrated Reporting Council, said “CFO should be known as CVO – Chief Value Officer.” The CVO will require deep knowledge and insights about the business to facilitate meaningful discussions on purpose, values and strategy, risks and opportunities, the business model, and relevant resources or capitals that the business affects or depends on, to be a change-maker in the organisation.