Since the creation of the Canadian Chapter of the Prince of Wales’s Accounting for Sustainability (A4S) CFO Leadership Network in March 2017 the network has announced three initial projects to contribute to the development of a sustainable economy.
The projects aim to offer practical advice and solutions to support finance professionals with new tools guidance and case studies developed as practical approaches. The three projects are;
- Managing the future today – meaning the ways to develop a strategic response to the risks and opportunities posed by major social and environmental trends.
- Social and human capital accounting
- Incentivising action – the role of the finance team in encouraging suppliers, customers, investee organizations and others along the value chain to take action on sustainability.
A4S executive chairman Jessica Fries said: “Practical approaches and examples are needed to help organizations overcome ever-evolving challenges especially in today’s global economy. These projects will help CFOs and finance teams make a tangible contribution to their organization's purpose and profitability, as well as the wider economy, environment and society."
Brookfield Asset Management CFO and CFO Leadership Network member Brian Lawson explained: "These projects will help us and the wider finance community to utilize open discussion and collaboration among peers to address social and environmental challenges. Understanding the value of the social and human capital is fundamental."
The Network brings together CFOs from large organisations and the Canadian Chapter is run in partnership with Chartered Professional Accountants of Canada (CPA Canada) and is supported by The Prince's Charities Canada. The CFO Leadership Network Canadian members can be found here.