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Optimism is tinged with concerns

Although CFOs seem largely optimistic, there’s a caveat to this survey’s results. The latest survey was in the field in early March, prior to the Silicon Valley Bank and Signature Bank collapses that caused turmoil particularly in the financial services and technology industries. Any negative vibes resulting from the banking sector turbulence over the last several weeks were therefore not captured in this survey.

With the SEC expected to issue new climate disclosure requirements in the first half of this year, the survey sought to understand how CFOs are handling environmental, social and governance (ESG) topics and reporting in their organizations. Finance leaders reported that they are taking stock of ESG in their strategic moves and preparing to report their ESG metrics in a thorough fashion. Almost three-fourths (73%) of CFOs give at least moderate consideration to ESG when they’re making decisions, and more than half have clearly defined ESG goals and already report progress against ESG key performance indicators across all applicable geographies.