As the sustainability conversation gains in popularity across the globe, every part of a corporation – including treasury – is now expected to contribute to and help advance the organisation’s overall environmental, social and governance (ESG) strategy.
Moreover, as sustainable financing becomes increasingly available, treasury departments are finding that they have a bigger part to play in helping to drive the sustainability agenda. But treasury’s role in ESG is by no means limited to financing.
As we explore in this supplement, there are many ways in which corporate treasurers can positively influence the sustainability goals of their firms – in particular by focusing on environmental, social and governance objectives.
Recent technological advances and the move away from paper-based processes towards digitisation, for example, are enabling treasurers to become more environmentally friendly. Meanwhile, treasurers can look after the ‘social’ element of their business ecosystem through initiatives such as supply chain finance, as well as employee wellbeing initiatives