DB Results’ Post

The Chief Financial Officer (CFO) controls more than just the purse strings. The role is a driving force in shaping an organisation’s strategy and execution of environmental, social, and governance (ESG) issues. Diving deeper into the influence of the office, the executive can marry up finances with ESG and sustainability 🌱 We look at some of the ways Chief Financial Officers can drive environmental, social, and governance policies. 🔗 Read the full article here ⬇️ https://lnkd.in/e82yt7TJ #CharityDigital #CFOs #NonProfit

Learn more about the options available to #companies that find themselves in (di-)stress or #crisis to preserve #value and embark on a path to #recovery. https://bit.ly/45RWy0M  #businessservices 

Learn more about the options available to #companies that find themselves in (di-)stress or #crisis to preserve #value and embark on a path to #recovery. https://bit.ly/45RWy0M  #businessservices 

Learn more about the options available to #companies that find themselves in (di-)stress or #crisis to preserve #value and embark on a path to #recovery. https://bit.ly/45RWy0M #businessservices

As finance professionals, we often operate behind the scenes, that may leave others to question how our work contributes to an organization’s success.... However, understanding our core objectives helps us stay focused and driven. Finance plays a critical role in ensuring donor and stakeholders funds are managed responsibly and effectively. By consistently improving #processes and #systems, we empower informed decisions that drive organizational goals and donor satisfaction. When you reflect on the contributions below, it’s impossible not to feel inspired and motivated...... 🔍 #Transparency & #Accountability We build trust by ensuring funds are reported clearly, showcasing ethical and efficient utilization while adhering to compliance standards. 🎯 #Optimized #Resource #Allocation Through precise data management, we ensure resources are directed to areas that create the most significant impact for beneficiaries. ⚠️ #Risk #Management We proactively identify potential risks and implement strategies to protect organizational resources and mission critical activities. 📈 #Strategic #Planning Robust financial systems enable us to guide organizations toward sustainable growth while adapting to evolving challenges. 📊 #Enhanced #Impact #Measurement Finance bridges the gap between resources and outcomes, demonstrating tangible successes to donors and strengthening long-term partnerships. When finance teams focus on driving transparency, accountability, and impact, the entire organization thrives. Each decision, report, and improvement strengthens the mission we serve. 💡 Let us continue with our purpose, proving that #finance is not just about numbers — it is about making a difference. #FinanceLeadership #PurposeDrivenFinance #NonprofitSuccess #DonorStewardship #Stakeholdermanagement

Board assessments miss the opportunity to improve performance, as more than 40% of organisations in our survey don’t conduct regular assessments and those conducted are done internally rather than by independent evaluators. In doing this reviewers may lack the knowledge of best practice, they may also be reluctant to criticise their individual or collective board performance. https://lnkd.in/e5FKWfBE #corporategovernance #ESG #CGS24

Impact-weight all risk analysis. Then, drive impact-driven growth that delivers financial and planetary wins, each embedded in the other. If you can’t, step aside for those who can. Or, lose. You choose. “Nature loss is a strategic risk for companies” https://lnkd.in/gc3rDZUK

Mistakes happen, even in our best efforts at LDC Funding. Early in my career, I miscalculated the cash flow needs for a client, leading to delays in securing necessary funding. This situation made it clear how important it is to have a thorough grasp of working capital management. Recognizing the error was the first step. I immediately collaborated with my team to reevaluate our approach and collected comprehensive data to prevent similar oversights. We prioritized open communication with the client to manage expectations, which ultimately preserved our relationship. The correction reinforced the need for accurate forecasting in our projects. We’ve since implemented a more robust system for assessing clients’ cash flow requirements using guidelines that integrate insights from financial experts, ensuring each client feels valued and understood. To avoid similar pitfalls, keep these tips in mind: 1. Always double-check calculations. 2. Engage clients in discussions about their financial needs early on. 3. Seek external expert advice when necessary. Learning from mistakes sharpens our skills and strengthens our commitment to providing reliable services to our customers. Every misstep is a lesson in disguise. #LDCFunding #BusinessMistakes #Learning #WorkingCapital #CashFlowManagement

The 7 R’s are: Who RAISED the change? What is the REASON for the change? What RETURN will the change deliver? What RISKS are there if the change isn’t carried out? What are the RESOURCES required to perform the change? Who is RESPONSIBLE for this change? What is the RELATIONSHIP between this and other changes?

One of the greatest challenges in #ESG is #ESGassurance and #ESPreporting. I was interacting on this the other night over drinks in #London with my friend Andrew M. (Workiva) With all of the #CSRD (and #CSDDD) requirements bearing down on organizations. Traditional financial reporting has about 200 data points for assurance. ESG, in the context of CSRD, has as much as 10,000 data points that organizations have to provide assurance on.