Episode 55: Carbon Currency: The Evolving Role of CFOs in Sustainability with McKinsey’s Peter Spiller
In this week’s episode of the Future of ERP podcast, we explore the evolving role of CFOs in driving corporate sustainability with McKinsey's Peter Spiller. Spiller highlights the increasing pressure on CFOs to manage carbon emissions effectively, driven by stricter regulations like CSRD, CBAM, and ETS2. He emphasizes the need for accurate carbon data to inform business decisions across sourcing, R&D, and sales, and advocates for treating carbon as a "currency" within organizations. The conversation covers the advantages of integrating carbon accounting into ERP systems, using a low-carbon aluminum product example. Spiller also touches on capturing Scope 1, 2, and 3 emissions, the importance of supplier data, and the evolving relationship between CFOs and Chief Sustainability Officers in driving holistic sustainability changes within companies. The episode provides insights for finance professionals and sustainability leaders on navigating the intersection of ERP and environmental responsibility.