Sustainability's Financial Sense Finally Recognized

Finance folks at big corporations are waking up to the fact that sustainability can be a business driver, according to an article on the Environmental Leader website.

An article in the Journal of Accountancy, "CFOs and Sustainability – A Growing Relationship," informs corporate finance teams that they should be “key participants in their company’s sustainability journeys.”

Risks related to climate change and resource availability are landing on the CFO’s desk because they are a part of the risk to the business, according to the journal article.

Beyond risk, companies are acknowledging that sustainable practices have proven to save organizations money and create long-term business value. Unilever, for instance, has seen its sustainable living brands have grown 50 percent faster than the rest of the business.

Read the full article here.