The Chief Financial Officer of the future is the Chief Value Officer | Climate Disclosure Standards Board

The finance profession, and more specifically Chief Financial Officers have been more and more involved in corporate sustainability since the arrival of integrate report. once dedicated to the research and development or corporate sustainability departments, sustainability is moving into the accountancy departments, where professionals already have the skills and competencies to address sustainability matters .
account for sustainable development seems to have become the missing link to improve companies ’ sustainability operation. Sustainability accounting enables companies to focus on creating value over the long term, respecting planet boundaries and social foundations .
More and more companies are creating sustainable development finance teams and introduce to the extent of their prize creation. Tomorrow ’ sulfur populace will require a 360-degree expectation, which is not the view of today ’ s typical finance function. The travel from mono-capitalism to multi-capitalism is a strategic issue, and is about seen as mandatary nowadays given the increasing demand for purpose-driven companies to reflect their character within society .

What is a “Chief Value Officer”?

In the model outlined above, fiscal specialists are distinctly identified as change-makers, therefore the need to redefine the Chief Financial Officer as a Chief Value Officer. As an technical in sustainability account, the Chief Value Officer ( CVO ) integrates all rate creation of the company with a multi-capital vision. They play a keystone function in the strategic success of all organisations thinking with a long-run position. According to the IIRC ( International Integrated Reporting Council, November 2019 ) « the CVO role must ensure that all relevant aspects of rate creation and destruction are accounted for and communicated to boards, managements and external stakeholders ». Priorities have therefore changed for fiscal professionals : they are now more orient toward improving information quality for investors and stakeholders and promoting extra-financial criteria.

In ordering to make this shift from CFO to CVO, fiscal professionals will need to address areas where their skills and competencies should be enhanced to ensure they are able to adequately measure and communicate the value creation of their company. In order to make them visionary experts and change makers within their organisations, fiscal specialists need to develop technical a well as management skills that enable them to embed sustainability into their roles. This requires a new strategic manner of thinking in multi-capital account practices that demonstrates responsible leadership .
other areas of considerations are :

  • Being a sustainable development expert and a business partner to understand and integrate environmental limits and sustainable development targets into organisations strategy; 
  • Acquiring strategic thinking that is forward looking to understand and master the effects of technology on multi-capital accountancy, and have an international, strategic and political vision of multi-capital accountancy methods; 
  • Being key contributor to business strategy considering the value, control, reporting and audit of strategic capital; and
  • Being an architect of and force for change to accompany the ecological and social transition of business models. 

Rethinking education 

There are a act of initiatives that have emerged in this space that considers the character of the CFO in the travel towards sustainable growth. In holy order to support organisations of all sizes and fiscal experts in this passage, and to provide fiscal professionals with the skills they need, Audencia have launched the Executive MBA Chief Value Officer. As a global pioneer in this field, this is the first MBA dedicated to the transformation of the measurement control and audited account profession to the multi-capital accounting and the only MBA in the universe combining integrate remember, rate creation, creditworthy strategic leadership, all with an external dimension.

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For 18 months, participants will explore participative and experiential teach methods, from face-to-face sessions in Paris to online courses. The course is designed with high-quality teaching, hardheaded applications and real subject studies from occupation organisations that punctuate the class and focus on the virtual application of multi-capital accountancy approaches .
For more information about the program structure or the admission process please contact Audencia as follows: or register through the website. 
In addition, our webinar ( hosted by Delphine Gibassier, Academic Director ) introducing the executive MBA Chief Value Officer is still available via the follow link .

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Category : Education

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