Finance function: When referring to the finance function (or finance team), we recognise it can take different forms. It can be a finance team reporting to a Finance Director, either centrally configured or dispersed across an organisation. For smaller organisations, the finance function can sometimes be external, such as its accountant. We will simply refer to the "finance function" or “finance team” to capture any of the various forms it may take.
Integrated thinking (or an integrated approach) is the embedding of sustainability, in its broadest sense, into an organisation’s overall strategy, decision-making process and day to day operations. This means the consideration of all the resources/relationships/capitals that the organisation depends on and impacts in order to create sustainable long-term value.
We define sustainability (or a sustainable business model), in its broadest sense, as the ability of an organisation to create positive social and environmental outcomes whilst delivering long-term value for its stakeholders and society as a whole.
Stakeholders: These include investors, staff, suppliers, customers, local communities, NGOs, charities, governments, regulators and wider society, as applicable.