ING Surveyed Corporate Finance Execs:
Take our Top Story today and get it in front of your firm’s finance leaders...
So often we hear that “investors don’t ask” or “no one inside seems to care” or “our finance folks don’t believe in” when we talk with corporate connections about corporate sustainability at their firm. And, inside the company, skepticism can typically be found in the finance offices.
We have some good news “findings” for you today from the ING folks to add to the growing number of research studies demonstrating the sustainability business case. ING is a leading global financial institution (banking, financial service) of Dutch origin, with a strong European base, serving clients in 40+ countries; it is selected to be among the leaders in the Dow Jones Sustainability Index’s Bank Industry category.
The firm just issued a report -- “From Sustainability to Business Value – Finance as a Catalyst” -- based on survey results (analyzing the views of 200-plus US-based finance executives in financial services, manufacturing, tech, consumer goods, real estate, industrial engineering, telecom, media, agriculture, infrastructure, chemical, transport, and logistics).
The survey respondents included CFOs, financial controllers, finance directors and senior treasury professionals, with revenues in their firms of from $500MM to $20+ billion. The survey was intended to help to improve understanding of how financing and lending can support the goal of building a low-carbon, sustainability society.
The findings are encouraging for the most part, and resonated with us. In our discussion with many corporate managers, the conversation usually includes “encouraging greater Corporate Sustainability is important for me internally, especially with our tough-minded and often skeptical finance folks. So being able to make the strong business case is a critical task...”.
Here’s some help for you from ING:
Supporting that portion of the business case?
ING states that it believes that financial institutions have a duty to explore how their financing can help to support energy transition and combat climate change. CEO Ralph Hamer is a “champion” in the Alliance of CEO Climate Leaders.
An important takeway is the ING CEO’s perspective:
There’s more for you in the Top Story, which also has a link to the ING Report.
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