ESG objectives are reshaping corporate priorities, as investors and regulators demand comprehensive climate change disclosures. Regulations, such as the EU’s Corporate Sustainability Reporting Directive now require companies to report extensively, including Scope 3 emissions and business travel impacts.
CFOs play a pivotal role in ESG reporting, setting strategic goals, ensuring compliance, and transparently addressing climate change in financial statements. Despite challenges in data collection, CFOs can champion sustainability by developing robust ESG materiality assessment frameworks.
