Tom Kostigen, Head of JConnelly's Corporate Social Responsibility (CSR) division shared his insight about sustainable finance and how CFOs must learn to navigate this new area.
Tom Kostigen, Head of JConnelly’s Corporate Social Responsibility (CSR) division shared his insight on sustainable finance and how CFOs must learn to navigate this new area in an article on Global Financial online.
Now that sustainable finance has become the norm, CFOs have to figure out how to navigate new standards and benchmarks, which can prove to be a complicated task. In fact, Tom confirms there are 600 in the apparel business alone.
New standards for sustainable corporate behavior are becoming more prevalent. In the article, Tom reflects on the amount of protocols there are and how CFOs have to determine the best ones to follow. He notes that it’s challenging and exciting at the same time, especially with the influx of technological solutions popping up.
There are firms with pilot or experimental programs already in the works including:
- Olam International, a Singapore-based agribusiness
- Swytch, a U.S.-based energy firm
- Hennes & Mauritz, a Swedish clothing retailer
- Unilever, the UK-Dutch consumer goods company
- Patagonia, the U.S.-outdoor clothing supplier
- VF Corp., which includes clothing, footwear and gear brands like North Face and Timberland
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