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On any given day, 2 billion people use Unilever’s products. In 2010, the company launched the Unilever Sustainable Living Plan – a set of targets designed to allow Unilever to grow its business whilst minimising its impact on the environment. Jean-Marc Huët joined Unilever in February 2010 as CFO. Here's his insight into driving long-term business success.
Threats that keep top experts and high-level leaders up at night are the risks that are beyond any one company or even one nation to handle. A report from the 2013 World Economic Forum lists the most likely ones with the biggest damage potential.
The movement toward integrated reporting appears to be gaining steam after the International Integrated Reporting Council announced a cooperative agreement with the International Accounting Standards Board. The IIRC also is scheduled in April to release a consultation draft of an integrated reporting framework.
This year, the eyes of the corporate reporting world are focused on South Africa, the first country to mandate integrated reporting in a project viewed by many as a global litmus test. Take a look at how integrated reporting is gaining traction.
Corporate reports should be driven by proactive integrated thinking and decision-making rather than compliance requirements – a change from today’s corporate reporting regimes that produce reams of reactive information with limited value, according to experts who gathered in Amsterdam for the one-year celebration of the IIRC’s Integrated Reporting Pilot Programme.
Boards of directors increasingly are turning to CFOs to be the executives who are accountable for companies’ sustainability strategy, a new survey shows. The buy-in from the people who hold the purse strings could lead to more operationalizing of sustainability measures.
Large gas and oil reserves are attracting foreign investment and trade to Latin America, but the hydrocarbon riches harbour risks for foreign investors and governments in the region.
This month’s column is based upon my discussion with Paul Walsh, chief executive of Diageo, the world’s largest and most respected premium drinks company, responsible for iconic brands such as Johnnie Walker and Baileys.
The International Integrated Reporting Council has taken an important step toward guiding businesses to think in nonfinancial terms when issuing financial reports. The IIRC’s outline comes after an initial discussion paper on the reasons companies should consider social and environmental impact in addition to financial performance.
Understanding the perceptions of stakeholders who are keeping track of environmental, social, and governance (ESG) issues can lead to reduced risk and lower cost of capital, according to a Deloitte report. Reporting ESG successes can lead to increased valuation.
Finance professionals can expect to play a bigger role in sustainability reporting, says Stephen T. Starbuck, CPA, the Americas leader for climate change and sustainability services at Ernst & Young, who offered some tips for the finance team at the AICPA’s International Business Conference in Washington.
Beijing is making every effort to boost the country’s renewable energy production, but by 2020 China is expected to emit 43% more carbon dioxide from burning coal than in 2010, a special report of the Economist Intelligence Unit projects.
Surveys show investors are putting pressure on companies to disclose more about workplace safety, human and labour rights, and environmental practices. But businesses struggle with how to track the impact of sustainability activities.
Manufacturers often aren’t prepared to take advantage of available data to quickly implement good, quick decisions. Antiquated systems often are a barrier to efficiency. Three key considerations can accelerate savvy decision-making.
Could integrated reporting be the way the world’s large corporations communicate with investors in the future? We asked an investor, a preparer and an advocate for their takes on integrated reporting. What follows are comments from Farha-Joyce Haboucha, managing director and director for Socially Responsive Investments, Rockefeller & Co.
Could integrated reporting be the way the world’s large corporations communicate with investors in the future? We asked an investor, a preparer and an advocate for their takes on integrated reporting. What follows are comments from Jeremy Osborn, ACMA, CGMA, former project manager, International Integrated Reporting Council.
Could integrated reporting be the way the world’s large corporations communicate with investors in the future? We asked an investor, a preparer and an advocate for their takes on integrated reporting. What follows are comments from Richard Scurr, head of group finance operations, HSBC.
German sports apparel maker Puma is the first major company to quantify and report the monetary cost of its environmental impact in a formal profit and loss statement. The company’s chairman and chief executive explains the rationale and business benefits.
