Business, Health & Wellness 06/07/2020
Why Sustainability and Social Responsibility in the Workplace is Critical for Millennials
In 2020 it’s clear an organisation’s sustainability and social responsibility is paramount to attracting and retaining top talent and customers alike
Back in 2015, representatives from nations all around the world met in Paris to sign an initiative to help combat the damaging effects of climate change. The Paris Agreement marked the first globally collective effort to reduce greenhouse emissions. Some 179 countries formally committed to limit the rise in global temperature increases by two degrees above its pre-industrial measurement. While there is some distance to go, it’s increasingly obvious that sustainability and social responsibility is critical for the future of the world.
One thing the world has finally noticed over the past few years – but more specifically since the signing of the agreement in the French capital – is that we all have a part to play in limiting the damage we are causing to the environment. We are all responsible, and that’s something we push at Reconomy.
Populations are, finally, beginning to develop a strong environmental and social conscience – a generation of individuals who understand their everyday actions in life will critically impact the life of others and the shape of this planet now and long into the future.
One place this is recognisable is in the workplace. In a study of 2,000 British workers, it was identified that 42 per cent of employees want to work for a company that plays a positive impact on the world, 44 per cent thought meaningful work was more important than a large salary, and 36 per cent would work harder for an organisation that benefited society. Furthermore, 64 per cent of millennials noted that they wouldn’t take a job with a company that wasn’t socially responsible either.
Sustainability And Social Responsibility Matters
For businesses a decade ago, corporate social responsibility was the key marker for success. Now, however, in order to be considered in any way responsible, you need to be sustainable, too. As a company, you have to go the extra mile when it comes to the products you use, the way you manage your waste, and the way you care for your community.
It’s not about having your eye on the present and profit; it’s about looking to the future. You need to be aware of the needs of society and give back, in abundance, what you have taken from the earth.
But why are companies that dial up sustainability and social responsibility in 2020 so alluring? As we’ve previously mentioned, working for a sustainable company is high up on the agenda of most professionals in modern times. The question is, what makes these businesses stand out so much when it comes to the job hunt?
The first thing to consider is the pride associated with working for such a firm. From the perspective of an employee, being part of a business which has implemented sustainable practices into their brand, products, and services is something worth shouting about. Going home on a daily basis with the knowledge that you, through your work, are making a positive difference is undoubtedly rewarding.
A company that displays a level of care and respect for sustainability and social responsibility is also likely to emulate this when it comes to their staff. Effectively, find a company who employs good practices such as the above and you will more than likely have discovered a business that will look after your personal welfare. Furthermore, people want to work in a place alongside those who share similar views.
Sustainable Employment In 2020
According to a 2018 survey, 83.6 per cent of Britons suggest that job satisfaction is considerably more important than salary while over half (54 per cent) said working for a company they love is one of the key drivers in regard to job satisfaction.
In 2019, the label of the world’s most sustainable company was reckoned to be Danish food health business Chr. Hansen. Based on a scoring system designed by Corporate Knights, Chr. Hansen pipped British businesses such as GlaxoSmithKline (5th) and Pearson Ltd (11th) to the post with a sustainability total of 82.99 per cent. The top 10 features businesses from around the globe including Finland, South Korea, and the US.
Despite knowing there are thousands of sustainable employers globally, what does the situation look like, at present, in the United Kingdom?
If you were currently seeking employment in the UK, would you be able to find it with a company who demonstrates sustainable practices? To find out, we scoured job boards. Indeed during April, looking for jobs that noted the specific term “sustainability” in their advert – this is what we found.
In terms of jobs available, there were 192 in total discarding any duplicate roles. Of these 44 per cent were labelled as full-time, 39 per cent as permanent, and 13 per cent as part time.
In regard to geographic location, it shouldn’t come as much of a surprise that a significant amount are based in London. The capital accounted for 79 of the 192 roles in total. Interestingly, a number of apprenticeships were also on offer in London, providing an earn-as-you-learn gateway into such a role.
Despite a high concentration of jobs in the capital, that is not to suggest that the only sustainable careers are going to require people to up sticks and relocate. In fact, research has shown us that roles are available in the border counties, the North-East, Scotland, the South-West, and Yorkshire.
Although, as we have previously noted, salary comes further down on the importance scale when working for a sustainable employer is in question, but it does still play a major role in job satisfaction. The average salary, for the 192 sustainability-focussed jobs on offer – excluding any which pay per hour – is £40,323: certainly not bad dividends when getting the opportunity to work for an employer which is also demonstrating key behaviours.
What Will The Future Hold?
Over the past number of years, we have seen a significant increase in the number of jobs on offer with sustainability and social responsibility as the focus. Environmental charity Global Action Plan spoke to a number of leading companies operating here in the UK regarding what we can expect to see in the near future.
With a large number of roles currently available with Indeed, the companies’ predictions are hardly surprising. Sainsbury’s, Bosch, and Siemens are all expecting more “green jobs and skills embedded throughout the market”. The green economy, according to the Confederation of British Industry, is assumed to halve the UK’s trade deficit. However, they have also suggested that a greater understanding of this growing economy is required.
To fulfil these roles successfully, the younger generation need to be better equipped, suggests a poll by YouGov. From the poll, it became apparent that 63 per cent of teachers don’t think their schools are doing enough to develop skills required for green jobs.
As we move forward into the future, we will see companies making changes to their practices in order to gain the all-important label of sustainable. Will you be working for such a company that offers sustainability and social responsibility?