The Controller's Role in ESG, and Procurement

Learning Objectives

• To define the typical procurement process.
• To discuss procurement vs. the Controller’s role in purchasing.
• To analyze the procurement process and its ties to the controllership process
• To identify ways to synergize the Controller’s role with procurement.
• To examine other potential responsibilities for the Controller.
• To examine the proposed SEC rule.
• To evaluate the need for an ESG Controller.
• To discuss ESG Controller responsibilities and review ESG Controller skills.
• To identify Traits for an ESG Controller
• To review an ESG Controller example job description.
• To examine an ESG team and structure.
• To explain practical steps for operationalizing ESG

Course Description

As the importance of ESG reporting continues to grow, it's crucial to equip yourself with the knowledge and skills necessary to thrive in this evolving landscape. 

Join this part two of the Controllership Series that empowers you to navigate the complexities of ESG reporting with confidence.

In March 2023, the SEC proposed climate change disclosure rules, placing greater emphasis on delivering accurate and high-quality reporting to meet stakeholder demands. This has led to the emergence of ESG Controller roles, responsible for ensuring complete and accurate ESG-related disclosures, similar to the role of a traditional corporate controller in financial reporting.

With jurisdictions worldwide moving towards mandatory ESG metrics disclosure, such as the European Union's Corporate Sustainability Reporting directive and impending U.S. SEC requirements, the urgency to get these disclosures right has intensified. This course serves as an introduction to the requirements for controllers and financial personnel to understand ESG disclosures, allowing you to stay ahead of the curve.

Additionally, this CPE Accounting webinar unveils the power of collaboration between the procurement function and controllership in optimizing spending management and controlling costs. Recognizing the critical nature of the procurement function and its impact on spending within organizations, it is only logical for controllers to play a role in working collaboratively with procurement.

Whether the procurement function reports to the COO, CPO, CEO, CFO, or CAO, it is essential for the accounting and controllership functions to possess a comprehensive understanding of procurement processes. 

Join this CPE webinar it provides valuable guidance to controllers and accounting teams, enabling them to effectively optimize and control costs associated with the procurement process.

Overview

• SEC proposal

  7 mins
• Operationalizing ESG reporting

  24 mins
• ESG controller skills

  37 mins
• Example job description

  51 mins
• Procurement process

  78 mins
• Defining the procurement vs. Controllership role

  96 mins
• Procurement vs. Controller's role

  122 mins
• Other potential responsibilities

  135 mins