Post by account_disabled on Feb 18, 2024 2:58:31 GMT -5
Working-age people in the UK increasingly value companies' genuine commitments to environmental, social and governance (ESG) factors when accepting or abandoning job offers. This is particularly true among Gen Z , according to a recent survey by KPMG , a professional services consulting firm.
According to the data, concerns about the climate threat and social issues are driving people's decision to reject jobs due to lack of ESG. This action could help put pressure on companies to increase their ESG efforts, and attract and retain the best talent.
Growing concern about climate
The survey of 6,000 people includes office workers, students, apprentices and those who dropped out of higher education in the last six months. And, the results show that ESG factors are influencing the employment decisions of almost half of UK workers.
In fact, the survey found that 46% want the company they work for to publish and demonstrate ambitious ESG commitments. Likewise, the findings also revealed that 20% of respondents have rejected job offers based on a company's ESG values not aligning with theirs. Additionally, one in three Gen Z respondents said they had turned down a job offer based on a company's environmental, social and governance record. Which suggests this could become a much more common trend in the coming years.
The data also indicates that 51% of people aged 18 to 24 value ESG commitments as a reason to work for a company, increasing to 55% for people aged 25 to 34. While less than half (48%) of people aged 35 to 44 value such commitments.
Of all age categories, 82% want to link their values and purpose with the organization they work for. As a result, 30% have researched a company's ESG credentials before applying for a position. Likewise, environmental impacts (4%) and living wage policies (45%) were the key factors observed.
People reject jobs due to lack of ESG
According to the head of KPMG, John McCalla-Leacyse, the Middle East Mobile Number List results of the survey reflect the recent discussions at the COP27 climate summit on the urgency of action to limit the increase in global temperature to 1.5 °C and avoid the worst climate disasters.
In line with this argument, it is the younger generations who will see the greatest impacts if we fail to achieve this goal. So it's no surprise that this and other interrelated ESG considerations are a priority for many when choosing who they will work for.
For companies, the direction of travel is clear. By 2025, 75% of the workforce will be millennials, meaning they will need to have credible plans to address ESG if they want to continue attracting and retaining this growing pool of talent.”
John McCalla-Leacyse, head of KPMG.
The news that jobs are being rejected due to lack of ESG could make employers and companies begin to value aspects such as salary equity, social and environmental justice, and in general issues associated with Corporate Social Responsibility in their offers and sustainability reports.
According to the data, concerns about the climate threat and social issues are driving people's decision to reject jobs due to lack of ESG. This action could help put pressure on companies to increase their ESG efforts, and attract and retain the best talent.
Growing concern about climate
The survey of 6,000 people includes office workers, students, apprentices and those who dropped out of higher education in the last six months. And, the results show that ESG factors are influencing the employment decisions of almost half of UK workers.
In fact, the survey found that 46% want the company they work for to publish and demonstrate ambitious ESG commitments. Likewise, the findings also revealed that 20% of respondents have rejected job offers based on a company's ESG values not aligning with theirs. Additionally, one in three Gen Z respondents said they had turned down a job offer based on a company's environmental, social and governance record. Which suggests this could become a much more common trend in the coming years.
The data also indicates that 51% of people aged 18 to 24 value ESG commitments as a reason to work for a company, increasing to 55% for people aged 25 to 34. While less than half (48%) of people aged 35 to 44 value such commitments.
Of all age categories, 82% want to link their values and purpose with the organization they work for. As a result, 30% have researched a company's ESG credentials before applying for a position. Likewise, environmental impacts (4%) and living wage policies (45%) were the key factors observed.
People reject jobs due to lack of ESG
According to the head of KPMG, John McCalla-Leacyse, the Middle East Mobile Number List results of the survey reflect the recent discussions at the COP27 climate summit on the urgency of action to limit the increase in global temperature to 1.5 °C and avoid the worst climate disasters.
In line with this argument, it is the younger generations who will see the greatest impacts if we fail to achieve this goal. So it's no surprise that this and other interrelated ESG considerations are a priority for many when choosing who they will work for.
For companies, the direction of travel is clear. By 2025, 75% of the workforce will be millennials, meaning they will need to have credible plans to address ESG if they want to continue attracting and retaining this growing pool of talent.”
John McCalla-Leacyse, head of KPMG.
The news that jobs are being rejected due to lack of ESG could make employers and companies begin to value aspects such as salary equity, social and environmental justice, and in general issues associated with Corporate Social Responsibility in their offers and sustainability reports.