The regenerative finance framework for CFOs addresses every aspect of the finance organization: Governance (strategy), Risk (financing), Science-Based Goal Setting (planning), Decision Systems (investing), Treasury (financing), Operations (investing), and Investor relations (reporting).
The purpose of the rCFO Brief is to inform CFOs and other senior finance executives, consultants and practitioners. There are five dimensions of the regenerative finance framework. The framework addresses every aspect of the finance organization: Governance (strategy), Risk (financing), Science-Based Goal Setting (planning), Decision Systems (investing), Treasury (financing), Operations (investing), and Investor Relations (reporting). The rCFO Brief addresses each of these areas and is intended to be a thoughtful repository for CFOs to understand what are the best practices being developed in and around this area from organizations such as: A4S, GRI, HIP Investor, IFRS, SASB, Sustainalytics, The UN Global Compact CFO TaskForce, and the Values Balancing Alliance (VBA).
In the weeks ahead, this commentary shall address specific new insights that are important to CFOs and their teams in thinking about and building regeneration into decision and planning systems. The rCFO Brief will address general category issues for CFOs, but will not comment on specific industry vertical solutions such as decarbonization, plastics pollution or deforestation.
Marco Venturelli wants to reimagine the role of the CFO. The CFO of the future brings change and improvement to the company, is attentive to innovation, well-being and happiness of the associates, the ecosystem and the company's stakeholders. Marco works in Novartis, a world leader company in the Life Sciences sector since 1991 where he has held various roles in Finance, Business and Operations in Italy, Europe and on Global projects; currently he is Country CFO in Italy. In 2018 he co-founded the grass-roots group “Co-creating Impact,” whose aim is to advocate for the adoption of IMPACT measures within Novartis. As a blogger with Thehappycfo.it, Marco supports the UN Sustainable Development Goal No. 17: "Revitalize the global partnership for sustainable development." Marco will be a featured speaker at the upcoming INTEGRATE21 Hybrid Conference.
Insights
Here is a list of the top 15 funds that are leading the way on ESG portfolio investing. Take a look at those funds focusing their investments strategies in public that are focused on improving our world. Investing
ESG investing could reach $1 trillion by 2030 according to BlackRock’s head of iShares Americas, Armando Senra. ESG funds are on track for a record year of inflows, raking in over $21 billion in the first quarter of 2021. Senra attributed the interest to larger asset managers and model portfolio managers incorporating sustainable investments into their strategies in more impactful ways. Investing
ESG Investing Trends for 2021 and Beyond: The global pandemic has disrupted just about every facet of our lives and exposed many shortcomings in our economic and social systems. By extension, the pandemic has also had a profound impact on ESG investing, as there is now a heightened sense of awareness and urgency to combat climate change and social inequality. Despite the challenges, however, there are also significant opportunities for ESG investors, says John Tennaro, the head of ESG and impact investing at CIBC Private Wealth, U.S. There is a growing demand for solutions that have the potential to lead to positive change, as we look to rebuild our economies and communities on stronger foundations.Investing
Bringing ESG into theQuarterly Earnings Calls: This article speaks to CFOs about how to stop treating environmental, social, and governance strategies as a sidebar and integrate them into regular financial reporting. “We believe that companies must integrate ESG wholly into their business strategies rather than relegating them to a sidebar. But we also recognize that it’s challenging for corporations to include more ESG information in quarterly earnings calls for a variety of reasons.”Reporting
SEC reaches out to CPAs and Accountants onESG disclosures:The SEC has been focusing more on ESG reporting as investors have been pouring more money into those funds in recent years, and the Biden administration has emphasized climate change issues and incentives for renewable energy sources. Last week, President Biden signed an executive order on climate-related financial risk that would require an assessment of such risks by financial regulators. Reporting
Featured ESG Investor
Welcome Nancy Pfund, the Managing Director at DBL Partners. Nancy is a pioneer and leading player in impact investing. Nancy writes and speaks frequently on the field of impact investing. She sponsors or sits on the board of directors of several companies, including Farmers Business Network, Andela, The Muse, Zola Electric, Bellwether Coffee, Spatial, and, prior to their public offerings, she served on the boards of Tesla and Pandora. She also served on the board of SolarCity, on both the audit and compensation committees as well as the chair of the corporate governance committee, from 2008 through its IPO in 2012 and acquisition by Tesla in December 2016. Prior to founding DBL, Nancy was a Managing Director in Venture Capital at JPMorgan, having started her investment career at Hambrecht & Quist in 1984. Previously, Nancy worked at Intel Corporation, the State of California, Stanford University, and the Sierra Club.
Featured ESG Investment
Dendra Systems: Ecologists and technologists that are creating scalable restoration and rehabilitation of land. Dendra focuses its energy on how technology such as AI and drone technology will revolutionize reforestation and carbon sequestration, accelerating our progress on reversing climate change.
INTEGRATE21: The conference for regenerative financial executives — Transforming Corporate Finance to Regenerative Finance, through ESG. At Fordham University, in New York, On November 8-10.
Net Impact sets their agenda through 2022: Regenerative Economy, reimagining capitalism for people and planet.
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