Why CFOs will drive the climate transition
The real drivers of the climate transition are no longer sitting in the sustainability department – they're in finance, as sustainability shifts from the realm of storytelling to accountability.
For years, chief sustainability officers (CSOs) were seen as the architects of corporate climate action. But as sustainability becomes regulated, assured, and financially material, the centre of gravity is shifting – fast.
Across Australia and globally, chief financial officers (CFOs) are now being tasked with owning climate disclosure, validating emissions data, and determining which decarbonisation projects make financial sense.
The real drivers of the climate transition are no longer sitting in the sustainability department.
Author summary: CFOs take the lead in climate transition.