Although the corporate tax director doesn't normally pow-wow each week with the head of sustainability, a new green-tax index just might encourage more talking between the two - and maybe with the CFO in on the conversation.
Seventy percent of companies believe that climate change has the potential to affect their revenue significantly, according to a new report by the Carbon Disclosure Project (CDP) in partnership with Accenture.
Two years ago, the director of sustainability at a $1bn consumer-products company suggested the corporate budget committee add a new criterion in deciding which capital projects to approve: the project's environmental impact. The director devised a metric for measuring the impact in categories such as water usage, waste reduction, packaging and carbon emissions. The idea saved $20m the first year.
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