Forward-thinking companies are working toward sustainability and increasing their focus on environment, social, and governance practices. Environmental and social issues are now business issues, but what is the impact of these efforts on financial reporting?
In this episode, host Armand Capisciolto, BDO's National Accounting Standards Partner and leader of Accounting Advisory services, is joined by Kyle Hulme, a BDO alumnus and previous member of our Strategy and Sustainability Consulting team. Together they discuss the link between sustainability and financial reporting.
What You'll Hear In This Episode:
[1:45] Are sustainability and ESG interchangeable terms? Not exactly, and Kyle explains why.
[3:26] Insights into all that is entailed in advising a client's sustainability strategies.
[6:21] Who is the primary owner of sustainability projects within an organization?
[9:45] The inevitable evolution of the finance department based on reporting requirements and pending regulation.
[12:30] Potential risks and opportunities created by sustainability strategies.
[15:20] The impact of sustainability transitions and timelines from a financial spending perspective.
[22:32] The value of focusing on sustainability in business today, even if mandatory reporting is not in place yet.
Mentioned:
BDO
Armand Capisciolto
Kyle Hulme
Additional Insights:
Why CFOs should make sustainability a part of their financial reporting today
