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Profit in sustainability, say finance chiefs

Chief financial officers (CFOs) are increasingly acknowledging the impact sustainable policies and practices have on financial performance. A study by analyst Verdantix for financial services giant Deloitte, Sustainability: CFOs Coming to the Table, finds that 49% of the 250 CFOs surveyed see a “significant” relationship between sustainability and the bottom line.

Company structures are reflecting this acquiescence. More than one-quarter of CFOs now have board level responsibility for sustainability, up from around one-sixth last year. This may explain the drop in chief executive responsibility for sustainability, which slid back from 56% in 2011 to 44% in 2012. In terms of their day jobs in financial management, CFOs say that reporting and tax are the areas where sustainability is really hitting home.

Corporate climate concerns

US boardrooms are finally waking up to climate change, the latest figures from the Carbon Disclosure Programme (CDP) indicate. More than...

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