ESG Reporting: What Is Treasury's New Role?
Article first published online: 18 OCT 2013
© 2013 Wiley Periodicals, Inc.
Journal of Corporate Accounting & Finance
Volume 25, Issue 1, pages 33–37, November/December 2013
How to Cite
Bean, L. (2013), ESG Reporting: What Is Treasury's New Role?. J. Corp. Acct. Fin., 25: 33–37. doi: 10.1002/jcaf.21905
- Issue published online: 18 OCT 2013
- Article first published online: 18 OCT 2013
Traditionally, treasurers are responsible for managing cash and market risk. That ensures that the company has sufficient funding and can manage complex compliance issues. But in recent years, the size and complexity of treasury management and compliance issues have expanded enormously. Today's treasurers not only oversee cash management, foreign exchange, and short-term debt; they struggle with increased responsibilities in other areas: managing capital market activities, merger-and-acquisition activity, insurance and pension programs, credit and receivables management, and working capital projections. These newer tasks demand that treasurers take on a new role that requires under-standing environmental, social, and corporate governance (ESG) reporting risk factors. What must today's treasurers and companies do to meet these new demands? © 2013 Wiley Periodicals, Inc.