Executive Briefings

Chief Finance Execs Begin to See Value in Sustainability Initiatives

Before Jeff Piccolomini joined Henkel Corp. in 1997, he was dubious about corporate efforts to address environmental concerns - a "typical skeptical CFO," as he puts it. A CPA by training and a longtime finance executive, Piccolomini wasn't accustomed to dealing with the kind of green goals that the German-owned personal-care company had set in motion, such as reducing carbon emissions.

Now, as Henkel releases its 21st annual sustainability report - which details plans to become three times more efficient in energy and water usage by 2030 - Piccolomini has changed his mind. "I've really become a convert," he admits. As president and CFO of Henkel's North America unit, he now believes that sustainability "is a very positive thing, and the right long-term view that all companies should have."

To be sure, sustainability is still largely about doing good, and making customers and employees feel good about that good. But as saving the planet takes on an increasingly practical focus, many finance executives find themselves in the midst of sustainability efforts at their companies, and explaining their own conversions.

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Keywords: supply chain management, logistics & supply chain, supply chain sustainability, green supply chains

Now, as Henkel releases its 21st annual sustainability report - which details plans to become three times more efficient in energy and water usage by 2030 - Piccolomini has changed his mind. "I've really become a convert," he admits. As president and CFO of Henkel's North America unit, he now believes that sustainability "is a very positive thing, and the right long-term view that all companies should have."

To be sure, sustainability is still largely about doing good, and making customers and employees feel good about that good. But as saving the planet takes on an increasingly practical focus, many finance executives find themselves in the midst of sustainability efforts at their companies, and explaining their own conversions.

Read Full Article


Keywords: supply chain management, logistics & supply chain, supply chain sustainability, green supply chains