The Canadian Chapter of the Accounting for Sustainability (A4S) CFO Leadership Network, which is run in partnership by A4S and Chartered Professional Accountants of Canada (CPA Canada), has released A4S Essential Guide to Incentivizing Action Along the Value Chain. The new guide provides practical steps for finance professionals to leverage their full value chain to achieve sustainability targets.
Any typical company’s value chain creates far greater social and environmental impacts than its own operations alone, with many organizations’ supply chains accounting for more than 80 per cent of their greenhouse gas emissions.
Unfortunately, there’s still a widespread lack of understanding of the sustainability risks and opportunities within value chains, how to incentivize action and how this can support both business and sustainability goals. But by working collaboratively with their suppliers, customers, partners and key stakeholders, companies can create a much bigger impact than acting alone, as well as reaping the benefits of increased security of income, supply and market opportunities.
“Incentivizing action on sustainability with the organizations in your supply chain isn’t just the right thing to do, it also makes good business sense,” says Davinder Valeri, director, strategy risk and performance management at CPA Canada. “Sustainable value chains, both upstream and downstream, are more resilient and benefit greatly from increased security of income, supply and market opportunities. So, whether you want to ‘do the right thing’ or ensure continued value creation, this guide is essential for all finance teams.”
The A4S Essential Guide to Incentivizing Action Along the Value Chain helps finance professionals map their value chain, identify their key stakeholders, assess risks and opportunities for decision makers, and understand the right levers to use to support action.
You can download the guide here: cpacanada.ca/IAVC
Featured images courtesy of: CPAC.
