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Integrating sustainability with corporate strategy: A maturity model for the finance function
Author(s) -
Campbell Terry,
Fisher Joseph G.,
Stuart Nathan V.
Publication year - 2012
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21785
Subject(s) - sustainability , maturity (psychological) , function (biology) , skepticism , sustainability organizations , value (mathematics) , business , finance , capability maturity model , economics , accounting , political science , computer science , ecology , philosophy , epistemology , software , evolutionary biology , machine learning , law , biology , programming language
Sustainability is not a passing fad, although the finance function as a whole often remains skeptical of sustainability efforts and reporting. This article argues that Finance should become an involved participant—and even a leader—in sustainability efforts. It shows how the finance function can add value to these efforts and why this help is crucial. It then introduces a maturity model against which the finance function can assess its status in supporting and leading sustainability initiatives. © 2012 Wiley Periodicals, Inc.