The Leader in ESG Change Management: The Transformation of the Chief Financial Officer’s Role in Organization

Marta Wiacek

European Research Studies Journal, 2025, vol. XXVIII, issue 1, 372-382

Abstract: Purpose: The aim of the paper is to present the impact of the CSRD Directive on the activities of the organization, with particular emphasis on the impact it will have on the role of Chief Financial Officer. CFO’s will have to implement a global change in reporting imposed by the CSR Directive. Their role in organizations will be transformed. They are going to become leaders of ESG green strategic change and reporting Guards. Design/methodology/approach: The approach to the topic of the paper is theoretical and practical. The changing role of the CFO in the context of organization and strategic change management is being analyzed. Findings: As a result of the determinant of the change, which is CSRD, organizations will have to implement new non-financial reporting. A key role in the process of implementing this change in the organizations will be dedicated to CFO. There will be a transformation of CFO’s function to the role of a multi-dimensional strategic leader of change management in organization. Practical implications: The paper has practical impact. The general review characterizes the areas in which the CFO's knowledge and competences should be transformed so that they can effectively become leaders of ESG change. Originality/value: We are able currently observing the transformation of the entire market. The occurrence of an external factor, which is a change in financial law (CSRD), determines changes in all organizations in the world. The paper is a summary of observations of the evolution of the scope of CFO’s role and responsibilities to a strategic one.

Keywords: ESG; leadership in change management; Chief Financial Officer. (search for similar items in EconPapers)
JEL-codes: G34 L21 M14 M41 O16 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxviii:y:2025:i:1:p:372-382

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