E
“ WHEN YOU LOOK AT SUSTAINABILITY NOW AND THE ESGs – THE NEW BUZZWORD – IT’S ALSO ABOUT CREATING AN ENVIRONMENT FOR CHANGE.”
OLIVIER DJOLOLIAN, CLOUDSTRATEX
SG is the new buzzword in finance and technology. It’s what keeps CEOs up at night. There is now huge
demand from employees, stakeholders, shareholders and consumers for businesses to be environmentally and socially responsible and to be able to demonstrate good corporate government. This goes much further than a mission statement – it needs to be reflected in ALL business decisions from the C-suite to the employees on the ground. What is your sustainability business
model? How can you demonstrate that you are making efforts to ensure your business is sustainable, has minimal impact on the environment, and adheres to standards around corporate responsibility, good employee governance, and operates with integrity? It is now one of the most
important criteria for millennials when considering a new company to work for, along with flexible working conditions and a sense of corporate purpose. The new talent that will be leaving school in the next five years are passionately interested in ESG criteria, in their shopping, leisure and employment opportunities. What’s more, it is not enough to
“woke wash” your company with a meaningless ESG statement or indulge in “greenwashing” where you claim your environmental policies are greater than they are. Companies large and small
are increasingly being expected to demonstrate in hard data what impact their ESG measures are making. This means your global mobility business needs to be examining how you manage your people, what impact your business has on the world, and what you can do better to measure and demonstrate your progress.
ESG – DOES IT MATTER TO A GLOBAL MOBILITY BUSINESS? The short answer is yes. If you are looking for investment, wanting to recruit and retain new employees, looking to expand and build your brand, protect your business reputation and build a future- proofed, resilient business, then ESG criteria need to be built into the DNA of your company. This is particularly the case for companies who are looking to recruit young people, who are keenly aware of the impact of companies on the
18
health
and sustainability of the
planet. It also matters if you want financiers and investors to lend you money. The market of impact investing is already large (worth US $714 billion according to GIIN, the Global Impacting Investing Network) and growing rapidly (it has grown 46% per annum over the last five years). Indeed, ESG has shown resilience
even during Covid times, and is now expected by shareholders and by regulators. Rather than seeing ESG as a burden, managers can seize it as an opportunity. It can be a great boost for your business if your ESG vision is managed well and is fully integrated with the purpose of your company. It can differentiate against competition and engage employees, leading to a more attractive brand to potential talent and a way of retaining existing employees. Already, large investors like pension funds are switching their holdings to sustainable
funds in order to
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78
