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Top CFOs launch ‘sustainability in finance’ group

TOP EUROPEAN CFOs have banded together in an attempt to integrate environmental and sustainability issues into the financial decision-making process.

The network, which includes the finance heads of Sainsbury’s, Danone, Royal DSM, British Land and Marks & Spencer, has been established by HRH The Prince of Wales’ Accounting for Sustainability (A4S) Project.

It will look to respond to challenges including climate change, a rising and ageing global population, rapid urbanisation, and increased consumption.

John Rogers, co-chair of the A4S CFO Leadership Network and CFO of Sainsbury’s said: “HRH The Prince of Wales has rightly recognised the vital importance of bringing sustainability issues into the very heart of corporate governance and accounting.

“What used to be seen as ‘greenwash’ needs to become as natural to company finance teams as it is to corporate responsibility departments or even NGOs. I’m pleased to be co-chairing this significant new initiative and urge my counterparts in business and public organisations to contribute their skills and experience to the A4S CFO Leadership Network.”

The Prince of Wales (pictured) said: “CFOs have a vital role to play in making sure their businesses thrive, not just today, but tomorrow and into the future. The bottom line is that sustainable business equals good business.”

Member organisations joining the network are: Anglian Water; BUPA; Burberry Group; British Land; The Crown Estate; Danone; Royal DSM; Marks & Spencer; National Grid; Sainsbury’s; SSE; South West Water; Unilever; United Utilities; Walmart EMEA; and Yorkshire Water.

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