With sustainability woven into the fabric of
'
Our financial targets and sustainability targets are intrinsically linked.'
Our Finance function is traditionally known for its capacity and skills in compiling, processing and reporting financial data. Nowadays, it employs this expertise and its infrastructure for non-financial information, working with colleagues in other departments to monitor operational key performance indicators (KPIs) and sustainability data.
Green financing
In parallel,
The loan dovetails with our ambitious Let's go for Zero ESG strategy, which commits our company to reaching carbon neutrality in 2035. Our intermediate targets are to reduce Scope 1 & 2 greenhouse gas emissions by 20% in 2025 and by 50% in 2030. We also aim to reach gender parity as soon as possible, with 35% of women in management by 2030.
'Up until a few years ago, the topic of sustainability was less top-of-mind with investors. Now it has become an integral part of our dialogue. Capital flows are increasingly ESG-minded, creating opportunities for
Monitoring impact
Recent years have seen a growing push by investors and society at large for companies to address environmental and social issues such as climate change, human rights and diversity. Finance departments can play a key role in monitoring companies' performance in such areas, measuring this impact and making it transparent to stakeholders.
Finance creates insight into the data, helping
All hands on deck
This cross-disciplinary team approach is vital to success.
Within Group Finance, senior consolidation manager
Transforming for the future
Technology also plays an important role. As time goes on, automation will increasingly replace manual processes to help us measure and manage large quantities of data, and ensure the quality of that data.
The transformation of Finance to make sustainability an ever-more integral part is set to continue and intensify in coming years. That costs money, but it is the basis for our future competitiveness and profitability, Filip notes. 'The cost of working in an unsustainable way in the future will be much higher than the costs of this transformation now.'
Contact:
Investor Relations Manager
T: +32 2 227 70 68
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