Friday 13 December 2013

AGRI-FOOD SUSTAINABILITY: INDUSTRY LEADERS JOIN TO PROMOTE SUSTAINABILITY

INDUSTRY LEADERS JOIN TO PROMOTE SUSTAINABILITY

LONDON—Chief financial officers from of some of Europe’s preeminent corporations, including Danone, Royal DSM and Unilever, have joined a leadership network aimed at embedding environmental and social sustainability issues into company strategy and finances. The network was launched on Dec. 12 at the eighth A4S Annual Forum.



The Chief Financial Officer Leadership Network, established by the Accounting for Sustainability (A4S) Project, founded by HRH The Prince of Wales, is the first group of its kind to focus on the role CFOs play in integrating environmental and social issues into financial decision making. There is a growing commercial imperative for businesses to take these factors into account if they are to future-proof their organizations; and there is now clear evidence that companies which address environmental and social issues deliver improved commercial returns.

“CFOs have a vital role to play in making sure their businesses thrive, not just today, but tomorrow and into the future. The bottom line is that sustainable business equals good business. I am therefore delighted that the A4S Chief Financial Officer Leadership Network will play a key role not only in communicating why sustainability makes business sense, but how to start accounting for it. Our children and grandchildren are depending on it," said HRH The Prince of Wales.

Member organizations in the network include Anglian Water, BUPA, Burberry Group, British Land, The Crown Estate, Danone, Royal DSM, Marks & Spencer, National Grid, Sainsbury’s, SSE, South West Water, Unilever, United Utilities, Walmart EMEA and Yorkshire Water.

The Chief Financial Officer Leadership Network will demonstrate leadership on how companies should respond to challenges including climate change, a rising and ageing global population, rapid urbanization, and increased consumption. All these issues are putting unprecedented pressure on natural resources and the fabric of society.

The network will focus on developing and sharing successful strategies so these become the “norm" across all businesses. This will include improved modeling of future risk and uncertainty as well as engagement with investors and other stakeholders to increase their understanding of the commercial benefits of sustainable business models.
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