How can cash management support environmental, social and governance (ESG) goals and initiatives?
Cash management is the process of managing the inflows and outflows of cash in a business, ensuring liquidity, efficiency and profitability. But cash management can also have a positive impact on the environmental, social and governance (ESG) goals and initiatives of a company, as well as its reputation and stakeholder relations. In this article, we will explore how cash management can support ESG objectives in four ways: by optimizing the use of green and sustainable finance, by enhancing transparency and reporting, by aligning with ethical and responsible practices, and by fostering innovation and collaboration.