Many high executives have not yet incorporated ESG reporting in their annual reports and businesses, while others have just started to do so. While many companies made no commitments, they struggled to deliver perfect reporting in all their involvements. To redefine your organization’s ESG goal and scrutiny purposes, engaging with the CFOs strategic plans for flourishing business growth is essential.

1. HOW ARE CFOS HELPING
CORPORATIONS INTEGRATE ESG
INTO THEIR BUSINESS STRATEGIES?

2. Often, it happens that three acronyms tend to trend beyond imagination, making them a buzz-
word in strategic business plans. These acronyms include ( Chief Financial Officer ) CFOs and
( Environmental, Social, and Governance ) ESG. These critical business concepts drive broader
corporate agendas and investments to customers’ views. A common and valuable influencing
factor amongst the CFOs and ESG is the undoubted effect of strategic formation to stair organi-
zation’s mission, vision, and operation. To produce a standard, structured, and improved deci-
sion-making body.
Understanding the relation between ESG And CFO:
ESG primarily ranks with the corporate agenda and broad stakeholders on purpose to
keenly observe organizations’ sustainability goals. CFOs, on the other hand, must emerge with
sustainability initiatives to access unnecessary shifts that might occur within the ESG. According
to our latest survey of the CFOs research, CFOs must be skillful and proactive enough to define
ESG ( environmental risks and social impact ) terms and objectives for each organization.
However, better times ahead are usually significant. Still, with ESG, environmental sustainabil-
ity stands a great chance but slightly crawl, while small businesses adopt the ESG factors and
strategic moments to remain competitive.
“All CFO wants an investment that is sustainable from the return and finance philosophy
for a long time. When the environment is involved, modification and risk management become
important because long-term assets and investments will be exposed to some climatic level of
risk management—Jugeshinder Robbie of CFO groups.”
CFOs make decisions to maintain innovative corporate decisions and strategies for clarity and
the processing of edge technology for inspiring CFOs to reckon a tremendous and vast commit-
ment toward ESG.
anumak.ai

3. Connecting ESG And The CFO:
Businesses must take the lead and ensure to get the best strategic plans from their CFOs.
The CFOs must take risks regarding the importance of creating the best ESG strategies to bring
the financial and reporting team, marketing, HR, and communication teams together on board
with one set of goals. The CFO must also ensure to not elude the right approach for ESG in
showcasing its complete concept in reports, mapping, and identifying its full potential.
How To Build An Effective ESG Strategy ?:
Every organization takes a risk, and there’s always a reason for the sudden urge in busi-
nesses. Among all the business and financial industries ( Sustainability Accounting Standard
Board ) SASB, only 77 sectors were identified as qualified and prepared for sustainability and
accounting purposes. CFOs should extend their intention and adopt their strategic plans to set a
financial standard with an intrinsic team to identify all necessary metrics; however, if it seems to
be getting beyond the metrics. It is advised to reach out to an expert for clarity and progress.
anumak.ai

4. Challenges Experts Face During ESG Reports:
In 2018, ESG assets were worth over $35 trillion; by 2025, it is expected to be worth $50 tril-
lion, which shows the importance of its critical and significant investments in the past. However,
the enormous number seems uncertain but with the aid of data analysis, data control, and data
collection, together with the seven ESG standard frameworks, which are to:
• Conduct a materiality assessment
• Establish the baseline
• Analyze performance gaps
• Set ESG goals
• Implement the ESG plan and measure key performance indicators (KPI)
• Perform a regular ESG reporting
• Create an ESG plan
Furthermore, corporate managers can disclose all critical beliefs in a format of their choice, al-
though this can lead to an unreliable set of ESG data. But the lax regulatory regime can frame
ESG reporting by itself, a massive predisposition that VPs and ESG managers must face.
Undoubtedly, many ESG experts and specialists have mentioned that it’s usually a complicated
season for them to hear through all the noise; therefore, providing relevant, concise ESG met-
rics in telling their organization’s ESG story”
.
Conclusion
Furthermore, many high executives have not yet incorporated ESG reporting in their annual
reports and businesses, while others have just started to do so. While many companies made
no commitments, they struggled to deliver perfect reporting in all their involvements. To redefine
your organization’s ESG goal and scrutiny purposes, engaging with the CFOs strategic plans
for flourishing business growth is essential.
anumak.ai

5. ANUMAK & COMPANY
aNumak & Company is a global management consulting firm, an India private company
limited by warranty. It is a company with expertise in creating scalable business models for
different industry verticals. The Company strives to provide solutions through consulting, digital
transformation, and innovative products that solve modern business problems. Offering on–
site and offshore support and unique strategies, aNumak & Company transforms traditional
business models into high–performance, dynamic, and distinctive business enterprises. It brings
insights from core domain experts to deliver the best possible solutions to drive growth. aNumak
& Company and each of its member firms are legally separate and independent entities. For
more detailed information about aNumak & Company and its member companies, please visit
https://www.anumak.com
This material was prepared by aNumak & Company. This material (including any information it
contains) is intended to provide general information on a particular topic(s). This material may
contain information obtained from publicly available information or other third–party sources.
aNumak & Company does not independently verify such sources and is not responsible for any
loss resulting from reliance on information obtained from such sources. aNumak & Company
does not provide any investment, legal, or other professional advice or services through this
material. You should seek specific advice from the relevant specialist(s) for such services.
This material or information is not intended to be considered the sole basis for any decision
that could affect you, your business, or the operations of the company. Before making any
decision or taking any action that could affect your finances or business, you should consult a
professional.
No institution at aNumak & Company can be held responsible for any loss suffered by any
person or institution due to access to, use, or reliance on this material. By using this material or
any information it contains, the user accepts he entirety of this notice and the terms of use.
©2022 aNumak & Company
anumak.ai