He is taking over from Dave Pearson who is moving to take on the role of chief sustainability officer for Deloitte Touche Tohmatsu (DTT).
Dugelay, who has an MBA from INSEAD and two degrees – one in engineering and the other in Chinese, brings 13 years’ experience of working on sustainability issues. His most recent project was negotiating Deloitte France’s acquisition of Bio Intelligence Services, one of Europe’s leading environmental consulting firms.
As global leader, he will be responsible for representing the firm at the World Business Council for Sustainable Development and actively seeking connections between Deloitte’s responsible business leadership agenda and its sustainability business.
Commenting on Dugelay’s appointment, Adel Melek, Deloitte’s managing director of global enterprise risk services, said, “The rising importance of sustainability issues has attracted the attention of government, politicians, policy-makers, the C-suite and boards worldwide and the need to conduct business in a responsible and sustainable manner is increasingly reflected in the bottom line.
“Deloitte has long been focused on this issue and its ongoing commitment to sustainability is evident with this new appointment.”
At the same time as it announced Dugelay’s new role, Deloitte also launched a new white paper, CFOs and Sustainability: Shaping their Roles in an Evolving Environment, contained insights on sustainability for directors.
A recent survey it carried out of 250 CFOs and finance directors of large companies in 15 countries, reveals that the boardroom is fast becoming aware of sustainability issues and factoring them into business planning.
This agenda is more often than not being led by the CFO because of their unique perspective across the business.
“With greater involvement in sustainability,” the paper says, “CFOs can provide a broad viewpoint informed by deep financial expertise while further shaping their executive roles.
“In the traditional roles of steward and operator, the CFO preserves assets, minimises risks, and manages an effective, efficient finance function.
“In expanding to the complementary roles of strategist and catalyst, CFOs can assist in setting strategy and direction and instill a financial approach in all organisational activities – including sustainability. This calls for the CFO to play a role in making and reviewing the business case, and in most other financial aspects of sustainability.”
The survey also found that the impact of sustainability on key financial decisions has increased in M&A, capital allocation and capital raising.