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A4S Essential Guide to Incentivizing Action Along the Value Chain

A typical company’s value chain creates far greater social and environmental impact than its own operations, with the supply chains of  many organizations accounting for more than 80% of their greenhouse gas emissions.

While reporting measures like Scope 3 emissions are becoming more common, a lot of organizations are still grappling with ways to gain a full picture of their value chain and incentivize action in a way that will support both business and sustainability goals.

Finance professionals have access to unique levers that can incentivize change and therefore have a vital role to play in driving action across the whole value chain. These include direct financial levers such as procurement processes, influencing through their own operations, knowledge sharing and collaboration.

The A4S Essential Guide to Incentivizing Action Along the Value Chain provides a framework to help finance professionals map their value chain, identify their stakeholders, assess risks and opportunities and understand the right levers to use to support action. It includes examples of incentivizing in action to demonstrate how these levers can be applied in practice.

 

Webinar recording

We recently held a webinar on this guidance with Maarika Paul, EVP and CFO, Caisse de dépôt et placement du Québec (CDPQ), Patrice Impey, CFO, City of Vancouver; Co-chair Canadian Chapter of the A4S CFO Leadership Network, and Mark Hawkins, Strategic Advisor, Board member; Former Salesforce President & CFO Emeritus Salesforce; Chair of the A4S Advisory Council. 

Watch it here >

Practical Examples

Through their Social Value Procurement Framework, the City of Vancouver set out with a target for 50% of their procurement contracts to be awarded to social or diverse businesses within three years. Research indicated that social procurement could have a multiplier effect, generating CA$3 for every CA$1 spent. This case study shows how they are putting their framework into practice.

This case study provides a deep dive into CDPQ’s green bond framework and the key role of finance. It shows how the treasury team leveraged CDPQ’s climate leadership to establish a green bond framework and engage with value chain actors in pursuit of CDPQ’s climate change strategy.

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Essential Guide Series

The guides have been developed by the A4S CFO Leadership Network and their teams (comprising senior finance, risk, internal audit, investor relations and sustainability professionals), A4S and other specialists. Each guide is supported by practical examples from network members which demonstrate practical applications of the approaches and techniques set out in the guides.

The A4S Academy

The A4S Academy is a learning and implementation programme for finance leaders on embedding sustainability. The programme empowers and equips finance teams with the skills needed for their businesses to succeed in the face of environmental and social risks and opportunities. The Academy is for senior finance professionals, sponsored by their CFOs. All sessions are being held online.

Newsletter

Stay up to date with all the latest news at A4S. Our monthly newsletter includes the latest guides, reports, stories and thought pieces from finance leaders across the globe.

Accounting for Sustainability is a Charitable Incorporated Organization, registered charity number 1195467. Accounting for Sustainability is part of The Prince of Wales’s Charitable Foundation (PWCF) Group of Charities.
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