Why sustainability should be at the core of finance technology transformation

EMEA Prioritising sustainability in finance technology transformation hero image
  • Insight
  • 3 minute read
  • May 29, 2024

 Using technology to integrate and equalise finance and sustainability reporting.

Sustainability should be embraced as a fundamental mindset within an organisation. Finance leaders play a critical role in going beyond compliance and expanding the sustainability agenda, thereby creating new opportunities for their organisations to generate value and achieve positive outcomes for both the environment and business.

Today, an expanding array of powerful technologies are available to help finance executives achieve a comprehensive approach that provides an organisation with a holistic view of its performance across both financial aspects and environmental, social, and governance (ESG) – i.e. sustainability – factors. Using tools like advanced analytics, artificial intelligence and data visualisation, finance professionals can collect, analyse, and present data on sustainability performance in a more accessible and meaningful way – while also improving decision making and fostering sustainable growth

PwC’s 27th Annual Global CEO Survey also underlines that now is the time to invest in sustainability solutions, with 41% of CEOs saying they accept lower hurdle rates for climate-friendly investments compared to other spending.

“Initiating a technology transformation journey today can bring many benefits. Foremost among these is that it enhances an organisation’s agility, resilience, and relevance, enabling it to address its sustainability challenges much more effectively.”

Julien JacquePwC EMEA Sustainability in Finance Transformation Leader, PwC Luxembourg

As companies approach the decision on which technology solutions will enable their integrated reporting, their choice will be influenced by their own level of maturity and ambition in the sustainability technology area. We’ve identified four distinct corporate personas or ‘profiles’ when it comes to this maturity, each with its own distinctive perspective on the importance of sustainability and approach to the related technology

  • Minimalist: views sustainability reporting as a compliance issue, or has only just begun its sustainability journey. Has no or limited public reporting. 

  • Pragmatist: Focuses on sustainability risks rather than opportunities. Has some public reporting but no science-based targets. 

  • Strategist: Sees both risks and opportunities in sustainability, with a long-term perspective. Has more mature disclosure and reporting underpinned by science-based targets. 

  • Trailblazer: Sustainability is core to purpose, strategy and products and services, and interplays with business and IT priorities. Has integrated financial and non-financial reporting aligned to sustainability metrics

So the question is, where do you currently stand and where do you want to be within the next 3 years?

When it comes to undertaking sustainability transformation, digital solutions are no longer a tactical play – but rather a strategic enabler. And the time to start is today.

Download the Report

Learn about how to use technology to integrate – and equalise – your organisation’s finance & sustainability reporting and performance management

Download the report (PDF of 2.63mb)

Watch on demand

EMEA Finance Transformation webinar: The role of technology in driving sustainability

Contact us

Craig Smith

Craig Smith

EMEA Finance Transformation Leader, Partner, PwC United Kingdom

Julien Jacque

Julien Jacque

EMEA Sustainability in Finance Transformation Leader, PwC Luxembourg

Tel: +352 621 334 222

Benjamin Lösken

Benjamin Lösken

ESG and Finance Transformation Director, PwC Germany

Tel: +49 160 5364533

George Abraham

George Abraham

Finance Transformation Director, PwC United Kingdom

Tel: +44 7483 400017

Nazaret Sanchez

Nazaret Sanchez

Finance Transformation Director, PwC United Kingdom

Tel: +44 7940 726606

Follow us