The ING-FINEX CFO of the Year Award unveils its theme for this year, recognizing the vital role of finance stewards as leaders and drivers of sustainability.
On its 17th edition, the longest-running and most prestigious award for CFOs will feature the theme “Leadership and Sustainability in Numbers.” The concept underscores the role demanded of finance chiefs by today’s evolving times, wherein CFOs must step up and take charge in leading a company into a sustainable, successful future.
According to British multinational professional services network Deloitte, many CFOs have yet to recognize the “importance and the impact” of sustainability despite increasing pressure on companies. Most of the CFOs’ reporting work remains limited to financial key performance indicators, even if the value of an organization far exceeds what balance sheets suggest.
Thus, with finance departments proving integral in integrating sustainability measures into standard processes, CFOs are not only key stakeholders in a company’s successful transition to a sustainable enterprise. Instead, they are in a prime position to take the lead.
Finance chiefs can also drive sustainable growth by making informed financial decisions that take into account environmental, social, and governance (ESG) factors. The “Leadership and Sustainability in Numbers” theme celebrates CFOs who have successfully kept up with the times, leveraging their strategic savvy and financial expertise to foster innovation, mitigate risks, and create long-term value for their organizations, the planet, and society.
The expanding role of modern CFOs is also reflected in their four core qualities, which are likewise upheld by the ING-FINEX CFO of the Year Award that recognizes the best of the best in finance.
As catalysts who implement strategy and steer operations, CFOs can stimulate the timely transition to sustainability. Its principles can also be promoted by finance chiefs across organizations as strategists who set goals and stewards who manage systems.
Lastly, as operators, CFOs must ensure to report non-financial information, given that environmental impacts factor into more C-suite decisions. The finance team, led by CFOs, are expected to quickly access, transform and interpret this vital data.
The 17th ING-FINEX CFO of the Year exclusive award ceremony will be held in November, gathering industry leaders and financial experts for an evening of celebration. For embodying this year’s theme “Leadership and Sustainability in Numbers,” the 2023 Awardee will join the ranks of esteemed past winners and receive the trophy designed by renowned sculptor Ramon Orlina.
Nominations are ongoing for the 17th ING-FINEX CFO of the Year Award until September 15.
For more information about the ING-FINEX CFO of the Year Award and the nomination process, visit www.ingfinexcfooftheyear.com, or contact michael.vinluan@finex.org.ph or 0917-312- 3044.
ING is a global bank with more than 60,000 employees serving around 37 million customers, corporate clients and financial institutions in over 40 countries. ING’s purpose is to empower people to stay a step ahead in life and in business.
FINEX serves as the country’s premier organization of senior finance professionals. Its members are C-level or equivalent executives of top corporations, academic institutions, start-ups and emergent businesses. Formally organized in 1968, FINEX is a non-stock, non-profit, non-political association.
