While Irish CFOs report that the scope of their activities is widening, efforts to build up ESG skills are lagging.
A survey of 151 CFOs and finance leaders found 59% claim they are satisfied in their roles at the moment and 40% say they are either happy or excited in their current job.
The research by EY shows CFOs are increasingly playing a strategic role in their organisations beyond the narrow confines of the traditional finance function.
However, despite more than half reporting an increased focus on ESG and non-financial reporting, only 15% of financial leaders see building skills in non-financial/ESG reporting as a priority for the next five years, and just 6% aim to increase the sophistication of their non-financial reporting over the same period, down from 15% in 2022.
The research suggests a need to upgrade skills in the finance function’s non-financial/ESG performance monitoring and reporting capability.
More information
Read EY’s report, Why Irish CFOs are optimistic about growth but less engaged on ESG agenda
Check out ACCA’s practical toolkits for SMEs and SMPs
