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As part of a partnership collaboration, The Prince of Wales's Accounting for Sustainability Project and Abu Dhabi Sustainability Group recently met with Chief Financial Officers, CFOs, and financial
leaders to discuss the importance of sustainability and how it can have a tangible, positive impact on the performance of their organisations.
The CFO Leadership Meeting, held last week, looked at how macro sustainability trends, including climate change and resource scarcity, are not only posing greater commercial risks but also creating opportunities. Participants discussed how planning for and mitigating against these risks is essential.
The meeting helped to highlight how finance teams are getting more and more involved in the management, measurement and reporting of the organisations sustainability activities, helping to put a figure on
what sustainability means to business.
The meeting included a panel discussion which shared views on the importance of the finance and accounting community in responding to the sustainability challenges faced by businesses. It also highlighted that when organisations integrate sustainability into their core decision making processes, this leads to improved investment decisions, promotes cost reduction in the longer term, and drives transparency, offering valuable business data to investors, stakeholders and local communities alike.
Speaking during the meeting, Huda Al Houqani, ADSG Directo at the Environment Agency Abu Dhabi, EAD, said, "I'm aspiring to a realiity where soon we won't talk about sustainable finance, we'll just talk about finance, where resource efficiency and sustainability are integral parts of the finance function and are fundamental to
organisational excellence."
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