No more green expenditures, say most CFOs
CFOs holding the line on green expenditures
By Peter Wolchak
May 14, 2010
May 14, 2010
Canadian companies may be talking the talk on green, but their chief financial officers (CFOs) can’t find the additional funds needed to walk the walk, according to a survey from Robert Half Management Resources. CFOs were asked if they expect their companies’ emphasis on green initiatives to increase, decrease or remain the same.
Their responses:
“Green initiatives may already be part of the corporate fabric for many companies, and executives may not feel that further investments are needed in the short term,” said David King, executive vice-president at Robert Half. “In other cases, a focus on profitability and the bottom line may have prompted businesses to delay initiatives.”
Their responses:
| No change | 57% | Decrease somewhat | 0% |
| Increase significantly | 10% | Decrease significantly | 2% |
| Increase somewhat | 29% | Don’t know | 2% |
“Green initiatives may already be part of the corporate fabric for many companies, and executives may not feel that further investments are needed in the short term,” said David King, executive vice-president at Robert Half. “In other cases, a focus on profitability and the bottom line may have prompted businesses to delay initiatives.”
