Thread by @forbes_india

Welcome to Forbes India CFO Dialogues virtual discussion, in partnership with IMA #ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast Our panelists will discuss how #COVID19 has driven home the urgency of a sustainable change at businesses and upskilling the workforce for the digital revolution, and how risk management and analysis evolved in the pandemic era #ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast Meet our panelists: @TarunSatiya, MD (Strategy & Consulting)- CFO & Enterprise Value, @AccentureIndia; Tejaswini Rajwade, CFO, @ibm_in/South Asia; @ManishDugar, CFO, @Mphasis; Daniel Spindler, CFO, @Siemens & Doreen Remmen, CFO, @imamiddleeast | Moderated by: @MBalachandran88

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 It is no longer about profit. People and planet, the other Ps of business have become important: Tarun Satiya, MD (Strategy & Consulting) - CFO & Enterprise Value, @AccentureIndia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Building long-term partnerships, considering stakeholders as a part of your ecosystem has helped us: @ManishDugar, CFO, @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Sustainability doesn't have to be at the cost of profitability, in fact, it will add to enterprise value: @ManishDugar, CFO, @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 I moved to India two years ago and everything has changed in the last year and a half. I look forward to meet my colleagues again: Daniel Spindler, CFO, @Siemens

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 #COVID19 was a wake up call for businesses around the world. Ecosystem talked about money, but now we have recalibrated and people and companies are paying attention to the health of the planet: Doreen Remmen, CFO, IMA® (Institute of Management Accountants) @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Businesses have sustained themselves for centuries. But now investors have become more vocal about implementation of #ESG parameters: Tarun Satiya, MD (Strategy & Consulting) - CFO & Enterprise Value, @AccentureIndia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 In the age of cancel culture, the brand and reputation of businesses is in the hands of millennials; you will not attract good, new talent or customers if you're not sustainable: Tarun Satiya, MD (Strategy & Consulting) - CFO & Enterprise Value, @AccentureIndia

@imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 It makes economic sense to be sustainable today, adds @AccentureIndia's Tarun Satiya

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Sustainability requires long term view and we need to be serious about this. #COVID19 has proved the competitive advantage will be with those who adapt fast: Daniel Spindler, CFO, @Siemens

#ForbesIndiaCFODialogues @imamiddleeast #Sustainability

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Never before a disruption has shown the need for sustainability. Short term profit cannot stand in the way of the sustainability agenda: Daniel Spindler, CFO, @Siemens

#ForbesIndiaCFODialogues @imamiddleeast #Sustainability

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 The long term health of the organisation relies on its impact on the environment, communities, stakeholders: Doreen Remmen, CFO @imamiddleeast

#ForbesIndiaCFODialogues

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Definition of #Sustainability has changed. If you are not taking care of environment, you'll not be a sustainable business: @ManishDugar @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 If you have completed #sustainable ecosystem, chances of you giving returns to your stakeholders are higher, adds @Mphasis's @ManishDugar

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Pandemic has shown us a lot of things we don't need to do and things that add value, what's sustainable, and brings more profit: @ManishDugar @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast #COVID19Pandemic

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 Tech companies need to be at the forefront of sustainability efforts. Use AI/ML to drive change: Tejaswini Rajwade, CFO, @ibm_in/South Asia

#ForbesIndiaCFODialogues @imamiddleeast #Sustainability

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 The CFO is the architect of growth, and if the CFO can clearly show the benefits of sustainability on the balance sheet, it will drive the message home for companies, stakeholders and shareholders: @ManishDugar @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 CFOs can be risk averse or turn these risks into opportunities: @ManishDugar on driving sustainable growth

#ForbesIndiaCFODialogues @imamiddleeast @Mphasis

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 CFOs were not looking at HR centric role, but now empathy is playing a bigger role. It is going to be a game changer: Tejaswini Rajwade, CFO, @ibm_in/South Asia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 It is important to have empathetic view towards internal workings of organisations. It is important to pay more attention to the well being of people: Daniel Spindler, CFO, @Siemens

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 You need creative and innovative solutions to cut emissions, waste:
@AcnTarun, MD (Strategy & Consulting) - CFO & Enterprise Value, @AccentureIndia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun Young people "get it" so while the Board and C-Suite need to push the sustainability agenda, involving younger employees at the low- and mid-level of the organisation will truly drive the change: Doreen Remmen, CFO @imamiddleeast

#ForbesIndiaCFODialogues #Sustainability

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun We need to rethink education and job roles to prepare the younger generation for the future: Tejaswini Rajwade, CFO, @ibm_in/South Asia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun The entire organisation needs to move towards common goals in the post pandemic world: Daniel Spindler, CFO, @Siemens

#ForbesIndiaCFODialogues @imamiddleeast @siemens_press

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press When you invest in ESG practices you are preparing for marathon and not a sprint: @AcnTarun, MD (Strategy & Consulting) - CFO & Enterprise Value, @AccentureIndia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press Blockchain is the future. It will be a critical factor in global corporate sustainability because it gives you absolute transparency: Tejaswini Rajwade, CFO, @ibm_in/South Asia

#ForbesIndiaCFODialogues @imamiddleeast #Blockchain

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press Consistent reporting framework for sustainable actions, including measuring, reporting, comparing sustainability parameters is the need of the hour to aid CFOs: @AcnTarun @AccentureIndia

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press Analysts and investors are favouring companies with good ESG values: @ManishDugar @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press Running sustainable business is a responsibility and a debt we have to pay back to our future generations: @AcnTarun, MD (Strategy & Consulting) - CFO & Enterprise Value, @AccentureIndia

#ForbesIndiaCFODialogues @imamiddleeast #sustainability

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press Organisations who looked at sustainability as investment have seen better returns: @ManishDugar, CFO, @Mphasis

#ForbesIndiaCFODialogues @imamiddleeast #sustainability

@imamiddleeast @TarunSatiya @AccentureIndia @ManishDugar @Mphasis @Siemens @MBalachandran88 @AcnTarun @siemens_press That's all from Forbes India CFO Dialogues virtual discussion, in partnership with IMA. Thank you for joining us.

@AcnTarun @AccentureIndia @ibm_in @ManishDugar @Mphasis @Siemens @imamiddleeast @MBalachandran88 #ForbesIndiaCFODialogues