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.
What does “sustainability” mean in practice to finance chiefs in the US and Europe? CGMA Magazine asked the CFOs of iconic furniture maker Herman Miller, shipping giant UPS, infrastructure builder Balfour Beatty, technology group ABB and power supplier EDF Energy to explain the bottom-line benefits of their sustainability strategies.
A panel of executives meeting in the finance capitals of New York City and London discussed new research on the importance of the human dimension and non-financial value in long-term business strategies.
