As manufacturers in the United States recalculate and compare the total costs of operating offshore, some are beginning to bring production back to the states. If the trend continues, as experts believe, reshoring could generate millions of new manufacturing jobs over the rest of the decade.
Research by the nonprofit BSR (Business for Social Responsibility) and consulting firm GlobeScan suggests that sustainability efforts are not becoming well-integrated across corporate enterprises. In fact, Chris Coulter, GlobeScan co-CEO, has gone so far as to assert that “sustainability is stalled at most companies.”
The BSR research points to lack of engagement with the corporate finance function as a key contributor to the problem. Clinton Moloney, managing director of the Sustainable Business Solutions (SBS) practice at professional-services firm PwC, believes better engagement with the company CFO (chief financial officer) could help a lot in moving things along.
“The best CFOs are all about trying to enable the strategies for the business,” he told Green & Clean Journal in an interview. An effective corporate sustainability officer (CSO) will help the CFO “understand where sustainability can help amplify the overall strategy.” Moloney stressed that “the role of the sustainability professional has to be not just advocating that it’s the right thing to do, but to learn the language of the finance organization and help them interpret the sustainability challenges through the lens of the business.” Read more