Cash & Working CapitalESG
September 29, 2022

A Finance Treat to Tame the Scope 3 Elephant in the Climate Room

HSBC and one member established a supply chain finance program that rewards ESG-friendly suppliers. Corporates striving to reduce their carbon footprints amid investor pressure and growing disclosure regulations face a daunting challenge when it comes to reducing emissions by suppliers and customers. These so-called scope 3 emissions do not originate from the business itself but are an indirect consequence of the corporate’s value chain. Enter ESG-linked supply chain financing programs like HSBC’s sustainable supply chain financing program, which incentivizes suppliers to have fewer emissions…
ESGInternal Audit ExecutivesRisk Management
June 2, 2022

Internal Auditors Shine a Brighter Light on Climate Data Sources

Pending regulations prompt IA to validate companies’ climate-related claims and incorporate first and second lines of defense. Several members of NeuGroup for Internal Audit Executives have recently or will soon conduct the first audits of their companies’ climate impact reports, and in a recent meeting they generally concluded that ESG group leaders may not understand much of the data behind their reports. The vice president of internal audit at a corporate with supply chains stretching worldwide discussed his company’s annual climate impact…
ESGThe NeuGroup Insights Interview
May 20, 2022

NeuGroup’s Strategic Finance Lab Podcast, Episode 4: ESG Investing: An Interview with Marina Severinovsky of Schroders

Step into a lab where innovation and digital transformation empower senior finance executives to become true strategic partners. Investors who don’t acknowledge that countries and companies are decarbonizing as they commit to net-zero emission goals will find themselves on the “wrong end of a massive flow of capital.” That pragmatic approach to sustainable investing is among the insights you’ll hear in this podcast featuring Marina Severinovsky, Head of Sustainability for North America at Schroders. In an interview with Nilly Essaides,…
ESG
April 21, 2022

A New Approach for Corporates Reducing Carbon Footprints: Investing in Renewable Energy Private Equity Strategies

PE funds producing returns and carbon credits may attract corporates with business, suppliers and cash in China. Mounting pressure on corporates to achieve net-zero carbon emissions or carbon neutral targets is prompting more of them to consider investing in private equity (PE) strategies focused on renewable energy assets. The trend is in its early stages, and companies need to thoroughly vet impact fund managers and understand regional investment characteristics before taking the plunge. But it’s clear that treasury and finance…
ESGInvestment Management
March 24, 2022

Mega-Cap Treasurers Mastering the Carbon Reduction Calculus

At Starbucks and other ESG leaders, treasury is using a range of financial tools and promoting the creation of others to reach net-zero. Treasurers at multinational corporations including Starbucks that have made ambitious, public commitments to cut carbon emissions are becoming experts in a range of tools, techniques and topics so they can better assist companies achieve net-zero and other carbon reduction goals. That takeaway emerged at a recent meeting of NeuGroup for Mega-Cap Treasurers, where Starbucks treasurer Peter Filipovic outlined…
ESG
March 17, 2022

NeuGroup’s Strategic Finance Lab Podcast, Episode 1: Finance and ESG Reality

Step into a lab where innovation and digital transformation empower senior finance executives to become true strategic partners: Nilly Essaides interviews Stephen Ferguson from The Hackett Group on the role of finance leaders in ESG initiatives. NeuGroup is launching the Strategic Finance Lab podcast by zeroing in on the need for finance leaders to take a comprehensive approach to helping corporations make good on achieving their net-zero carbon reduction goals and ESG metrics. The pressure companies are feeling now will…
D&IESG
February 28, 2022

Getting Off the Sidelines: A Treasurer’s Mission to Make Real Progress on D&I

ServiceNow Treasurer Tim Muindi joins NeuGroup’s Strategic Finance Lab podcast to discuss his decision to do more to promote diversity and inclusion and how finance teams can do better at recruiting and retaining Black candidates. In this episode of NeuGroup’s new Strategic Finance Lab podcast, ServiceNow treasurer Tim Muindi shares what Black History Month means to him, challenges he’s faced during the course of a 23-year career when he’s often been the only Black person in a company’s finance department…
D&IESGNeuGroup News
January 13, 2022

Ripples Into Waves: Progress with ESG, D&I and Impact Investing

NeuGroup members using corporate balance sheets to help companies do good continue to up the ante. HP treasurer Zac Nesper has a trending post on LinkedIn promoting an interview he did with Global Finance about HP’s award-winning sustainability bond framework. In the post and the interview, Zac is kind enough to cite a discussion he led in November at a NeuGroup for Tech Treasurers (aka Tech20) meeting with Joachim Wettermark, treasurer of Salesforce, the first software company to issue a…
Cash & Working CapitalESGTechnology
January 4, 2022

NeuGroup’s Top Five 2021 Insights

Reassessing finance organizations under new leadership tops the list of 2021 insights.By Joseph NeuBefore we plunge full throttle into the new year, I wanted to distill what struck me as the key takeaways from 2021, our second year of accelerated change and pandemic-fueled challenges. 1. Questioning the way things have been done. The pandemic encouraged transformational thinking as many legacy business processes and delivery models did not perform well during lockdowns nor in a work-from-home environment. Covid-19 also sparked a new…
CryptoESGTreasury Management
December 29, 2021

Best of NeuGroup Insights, Second Half of 2021

Stories that stood out included posts on cryptocurrency, the effect of ESG on credit ratings, Google’s innovation with SAP, an in-house fintech and a pair of video interviews. Review and reflect. Our final email of 2021 is a baker’s dozen of best posts from the last few months—selected for their topicality (ESG, cryptocurrency, NFTs), detailed descriptions of finance teams meeting challenges (complex spin-offs, post-merger integration, recruiting talent) and focus on key trends in treasury and beyond (right-time finance for FP&A,…