Tuesday, January 28, 2020

Your Company’s Next Leader on Climate Is…the CFO — Laura Palmeiro

If your chief financial officer is the last person you would think of to take charge on climate change, think again. Today, smart organizations are shifting their sustainability responsibilities toward the finance function....
The focus needs to be on true cost accounting. Economic calculation doesn't work when markets are not dealing in terms of true cost owing to socialization of negative externality.

Harvard Business Review
Your Company’s Next Leader on Climate Is…the CFO
Laura Palmeiro

2 comments:

Ryan Harris said...

Touting negative externalities while not accounting for positive externalities was a favorite schtick of the O-Admin. Seems externalities are often identical to priors.

Bob said...

If you're not held responsible for X, then X is not a cost.