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ESG Reporting: What Is Treasury's New Role?
Author(s) -
Bean LuAnn
Publication year - 2013
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.21905
Subject(s) - business , treasury , corporate governance , debt , capital market , finance , risk management , accounting , cash , archaeology , history
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.