This article deals with the recent proposal of climate-related risks in their financial reports. Our CFOs are in the spotlight, with some companies pulling together this information for the first time and others looking at ways to optimize existing processes.

Connecting ESG governance structure to overall business strategy

CFOs can lead the way in adding rigour that will move their company toward investor-grade reporting while connecting their ESG governance structure to the overall business strategy. In the past, businesses conducted ESG activities in a vacuum. Now that we have entered a new era of sustainability, your sustainability efforts need to be integrated into your overall strategy and communicated in your financial reports.

McGaghey Capital Partners, LLC

Throughout his 30-year career in private equity, Gary has led the firm in identifying opportunities to invest in companies with innovative sustainable products and services. He is a co-founder of Natural Step International, a highly influential non-profit organization based in Sweden. Currently, he serves on the board of directors at Alcoa Inc., Duke Energy Corporation, Wrigley Company, PPG Industries and Proctor & Gamble.

I have found that the most successful way to conduct sustainability initiatives is to integrate ESG into your business strategy and planning, risk management and financial reporting. When I had the opportunity to work with Walmart, I worked with them to integrate sustainability into the core metrics used for their overall business strategy.

Through the CFO’s efforts, it is now critical to have your sustainability initiatives integrated into your overall business strategy. This will empower your ESG governance structure while providing the valuable and essential information that investors expect in financial reports. Gary McGaghey has over 30 years of financial management experience as a CPA and Controller at McGaughey Capital Partners. In addition to being an investment professional, he is passionate about leadership and organizational change.

For more information, please visit at https://www.crunchbase.com/person/gary-mcgaghey