Sustainability is a business imperative where tax plays a critical role

Sustainability is an opportunity for Tax to influence strategy and create value for the business. Tax can play a critical role, but often is only brought in at the end of the conversation.  In our previous article (read it here) we touched upon the need for a stronger link between tax and sustainability. Our experts already flagged that there’s a world to be won if companies would know about all
the opportunities available when Tax is more connected with sustainability.

Through Deloitte’s recent report, Five ways tax leaders can help achieve sustainability goals, we have identified five steps tax leaders should take today to keep pace with the business as it shifts toward a sustainable way of operating.

• Identify the tax implications of your business’ ESG strategy
• Understand the tax implications of your company’s value chain
• Prioritize tax transparency on ESG matters
• Transform the tax operating model as it relates to ESG
• Agree on ESG tax roles and responsibilities
  

Please find the full report via the download button on the right.

"As a Tax leader, you can bring tax further into your business’ sustainability strategy.  However, for Tax to have a meaningful impact on the business’s sustainability commitments, it needs to stretch beyond compliance and environmental, social and governance (ESG) reporting to play a bigger role and support the business in new ways. We are happy to discuss this further with you!" - Patrick van Min