THINK GLOBAL PEOPLE SUSTAINABILITY


adhere to new regulations and in response to consumer demand. As ESG moves to the mainstream, your business needs to embrace it, not ignore it. “Sustainability is important but it’s hard


in our industry,” says Rob Fletcher of Heart Relocation. “You put people on planes and their belongings on boats and you can’t really do anything about that. But when you look at sustainability now and the ESGs – the new buzzword – it’s also about creating an environment for change.” Olivier Djololian, Head of Workplace


Practice at CloudStratex, says managers will also need to rethink business travel. “I suspect that business travel will still have


a role to play over the next couple of years, but a shift will occur in terms of priority and necessity,” he says. “This will result in a more thoughtful and


less routine approach to travel: ‘do I really need to attend this meeting in person?’ And this is something that will continue post- pandemic. Perhaps a targeted approach is best, prioritising key interactions and business events such as meeting new potential partners or presenting as part of a bid process.”


HOW IS SUSTAINABILITY MOVING TO THE MAINSTREAM? At the top level, governments are getting involved, and sustainability is likely to be a key plank of the new Biden administration in the US. In Europe, Arun Srivastava, Fintech


and Regulation Partner at Paul Hastings, the global law firm, says both the UK and the EU Governments, among others, are trying hard to direct capital flows towards sustainable investment. “Clearly, the view at government level is


that Government intervention is needed to give impetus to this issue and avoid issues like “greenwashing” (i.e. promoting something as ESG compliant when it is not),” he says. New mandatory disclosure requirements


are coming into force in the UK and the EU, and mandatory sustainability screening requirements will be implemented in 2022. “These will make firms tackle sustainability


issues head on, and level the playing field when it comes to sustainable investment – all managers and advisers will need to address sustainability issues in their processes and make public disclosures around what they are


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