ESG Talk ESG's Role in Value Creation
Dec 27, 2024
Alison Taylor, a clinical associate professor at NYU Stern and author of 'Higher Ground', teams up with Tarynn Zenk, Mastercard's ESG controller. They dive into the crucial emerging role of ESG controllers in ensuring credible corporate disclosures. Tarynn highlights the need for reliable data management to meet growing scrutiny. Alison discusses the shift from shareholder to stakeholder capitalism and the importance of honest engagement with societal issues. Together, they emphasize the rising power of employee activism and the need for businesses to adapt their approaches for sustainability.
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ESG Controllers Ensure Disclosure Credibility
- ESG controllers ensure corporate ESG disclosures are reliable and integrated with financial reporting standards.
- They bridge finance and sustainability to support data integrity and readiness for assurance audits.
Key Skills for ESG Controllers
- ESG controllers should have strong finance, accounting, and audit skills with the ability to lead and adapt to changing ESG standards.
- Collaboration and strategic thinking across business functions are essential for success in this evolving role.
Mastercard's Carbon Accounting Journey
- Mastercard's environmental team owns carbon accounting and manages Scope 1, 2, and 3 emissions with rising standards each year.
- Tarynn Zenk upskilled herself on carbon protocols while collaborating closely with sustainability experts.
