These days, many organizations are figuring out what sustainability actually means—because it’s not only about the environment. A truly sustainable organization may consider what is good for people and planet at the core of its business decisions—and by doing so, it can inspire and cultivate a prosperous and sustainable future, for itself, its people, and its community.
Sustainability can be complex, but organizations can tackle it now, and not just because it’s the right thing to do. Some of the largest companies in the world are making pledges and commitments to get to net zero in the near term. Organizations across industries are working to build truly equitable hiring and retention practices into their talent plans. And as companies are bringing workers back to offices, many are looking at ways to leverage sustainability practices in their real estate strategies. What does all that mean for Finance? A lot.
This is an extraordinary opportunity for finance leaders and organizations. With its deep knowledge of how the business truly works, a dynamically empowered finance capability can be both a catalyst and an enabler for an organization’s sustainability efforts—navigating complex decisions around investment and spend, disclosures, strategic and operational planning, customer and supplier interactions, and more. Finance can become the convener of data and insights, regulatory considerations, and operational impacts to inform the enterprise’s strategic direction—and help execute those decisions with an agile finance capability that is prepared to evolve to meet the needs of the business.
There are challenges with any major transformation but also significant opportunities for Finance to lead the way in the most impactful decisions any organization will likely make over the coming years. Leading through this disruption can mean changing an organization—and the world—for good.