70% of CFOs do not report non-financial outcomes

Less than 30% of financial directors of Irish companies report on non-financial measures such as social and environmental impacts as part of their reporting cycle; despite pending EU legislation requiring such coverage.

The information formed part of the latest quarterly Deloitte/Business in the Community Ireland CFO [chief financial officer] survey, covering the second quarter of 2012.

Overall, the survey found 90% of CFOs believe there to be a direct link between sustainability programmes and business performance. Respondents said sustainability has the strongest impact on long-term value creation, compliance, risk management and building trust. Nearly 60% of respondents said they feel it is important to have sustainability programmes forming part of a CFO’s role.