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Interviews were conducted in the first half of" /> <meta name="generator" content="Drupal 7 (http://drupal.org)" /> <link rel="canonical" href="https://www.climatebonds.net/resources/reports/role-chief-financial-officer-driving-low-carbon-transition" /> <link rel="shortlink" href="https://www.climatebonds.net/node/261861" /> <meta property="og:site_name" content="Climate Bonds Initiative" /> <meta property="og:title" content="The role of the Chief Financial Officer in driving low-carbon transition" /> <meta property="og:description" content="The report is based on interviews with over 30 CFOs representing companies with a combined market capitalisation of USD930bn and reveals that CFOs can play a pivotal role in driving the low-carbon transition. The study is a collaborative effort between the Climate Bonds Initiative and the CFO coalition of the UN Global Compact. Interviews were conducted in the first half of 2023 to gain insights into the intersection of finance and sustainability." /> <meta property="og:updated_time" content="2023-09-28T11:09:50+01:00" /> <meta property="og:image" content="https://www.climatebonds.net/sites/all/themes/climatebonds/images/og-image.jpg" /> <meta property="og:image:url" content="https://www.climatebonds.net/sites/all/themes/climatebonds/images/og-image.jpg" /> <meta property="og:image:secure_url" content="https://www.climatebonds.net/sites/all/themes/climatebonds/images/og-image.jpg" /> <meta property="og:image:type" content="image/jpeg" /> <meta property="og:image:width" content="1045" /> <meta property="og:image:height" content="600" /> <meta property="article:published_time" content="2023-09-12T13:37:00+01:00" /> <meta property="article:modified_time" content="2023-09-28T11:09:50+01:00" /> <title>The role of the Chief Financial Officer in driving low-carbon transition | Climate Bonds Initiative</title> <link 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href="/resources/reports/2021">2021</a></li><li><a href="/resources/reports/2020">2020</a></li></ul> </section> </div> </aside>  <section class="col-sm-9"> <a id="main-content"></a> <h1 class="page-header">The role of the Chief Financial Officer in driving low-carbon transition</h1> <div class="region region-content"> <section id="block-system-main" class="block block-system clearfix"> <article id="node-261861" class="node node-report node-promoted node-sticky clearfix"> <div class="field field-name-field-report-image field-type-image field-label-hidden"><div class="field-items"><div class="field-item even"><a href="https://www.climatebonds.net/files/reports/cfo-coalition-driving-low-carbon-transition-ungc-cbi-230927.pdf" target="_self"><img class="img-responsive" src="https://www.climatebonds.net/files/styles/report_med/public/reports/cfo-coalition-thumbnail.jpg?itok=r6SQUjxC" width="280" height="391" alt="" /></a></div></div></div><div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><p>The report is based on interviews with over 30 CFOs representing companies with a combined market capitalisation of USD930bn and reveals that CFOs can play a pivotal role in driving the low-carbon transition. The study is a collaborative effort between the Climate Bonds Initiative and the <a href="https://www.cfocoalition.org">CFO coalition of the UN Global Compact</a>. Interviews were conducted in the first half of 2023 to gain insights into the intersection of finance and sustainability.</p> <p><a href="https://www.climatebonds.net/resources/reports/role-chief-finance-officer-achieving-low-carbon-climate-transition">The role of the Chief Financial Officer in driving low-carbon transition</a> underlines the key role Chief Financial Officers (CFOs) play in managing the risks and opportunities inherent in taking action or lagging behind in the low-carbon transition. It notes that late, unambitious action, which opens a company to physical, regulatory, and financial climate risks could be perceived negatively by investors, damaging the value of the company, and bringing long-term reputational impacts. On the flip side, proactive action can bring a sustainable long-term competitive advantage to businesses.</p> </div></div></div><div class="field field-name-field-report-file field-type-file field-label-hidden"><div class="field-items"><div class="field-item even"><span class="file"><img class="file-icon" alt="PDF icon" title="application/pdf" src="/modules/file/icons/application-pdf.png" /> <a href="https://www.climatebonds.net/files/reports/cfo-coalition-driving-low-carbon-transition-ungc-cbi-230927.pdf" type="application/pdf; length=765589">cfo-coalition-driving-low-carbon-transition-ungc-cbi-230927.pdf</a></span></div></div></div><span class="submitted-by">Posted Sep 12, 2023 by Leena Fatin </span> <footer> </footer> </article> </section> </div> </section> </div> </div> </div> <div id="footer"> <footer class="footer"> <div class="row registered-charity"> <div class="col-xs-12 col-sm-6"> Climate Bonds Initiative is a registered charity in England and Wales (no. 1154413) </div> <div 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