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September 21, 2023

Chief financial officers are pivotal to the low carbon transition

In the utility sector, pivoting toward renewables was considered highly risky 15 years ago due to unproven technologies – but today the utilities that diversified early on wield a competitive edge. (Photo: Emily Macinnes/Bloomberg)
In the utility sector, pivoting toward renewables was considered highly risky 15 years ago due to unproven technologies – but today the utilities that diversified early on wield a competitive edge. (Photo: Emily Macinnes/Bloomberg)

Research shows that chief financial officers have a critical role to play in companies’ low carbon transition – but they must have the necessary expertise to navigate a growing range of risks, says CBI’s Fabrizio Palmucci

Corporate chief financial officers can play a pivotal part in driving the low carbon transition by leveraging their expertise and role in capital allocation and fundraising. This insight has emerged from a comprehensive study involving more than 30 CFOs, representing companies with a combined market capitalisation of $930bn.

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