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According to international data, the improvement of key ESG and CSR parameters creates barriers to talent acquisition
London, February 7, 2023 /PRNewswire/ — Unit4, a leader in enterprise cloud applications for mid-market service organizations, today announced the findings of its second annual Environmental, Social and Governance (ESG) – Future of Business Index. The survey shows that accelerating business transformation has made significant progress in ESG in the two years since the start of the Covid-19 pandemic, but much work remains.
Unit 4 surveyed 3,450 respondents across 12 global markets to gain insight into how people, policy and technology changes over the past 12 months have impacted business, including ESG outcomes, key metrics for modern organisations. As companies compete for top talent, improvements in ESG initiatives and corporate social responsibility (CSR) can remove barriers to recruitment and retention.
Key findings
- Durability has been improved: 24% of respondents said their organization was doing very well in meeting sustainability goals by 2022, a significant improvement over the 19% who reported it in 2021.
- ESG performance is stronger: 69% of organizations say they are now in a better position to meet ESG and CSR goals due to accelerated change in the workplace
- A weak ESG creates a talent barrier: 20% of respondents perceived that their company has weak ESG credentials
- Recruiting and retaining diverse talent lags behind: 36% of responding businesses said they struggle to find and retain employees across generational mix and other key diversity categories
- Most organizations are not prioritizing diversity: 25% of respondents said their organizations plan to improve diversity.
Embracing flexible working can lead to ESG improvements.
The progress in meeting sustainability and ESG goals suggests that the acceleration of digitization and flexible working has had a positive impact on sustainability.
This makes sense in the context of the outbreak. Widespread adoption of remote work, reduced fixed office space, geographic constraints affecting workforce diversity, less business travel, and greater reliance on information for business decision-making all contribute to achieving sustainability goals. But more than a third of respondents say they face challenges in recruiting and retaining diverse employees across categories, and it’s worrying that only a quarter plan to improve diversity.
“As other studies make clear, diverse groups are an asset for any and every business, so the ESG and CSR findings in the 2022 Business Future Index suggest that more organizations should take steps to improve diversity,” Tania Garrett, Chief Public Officer. Section 4. “ESG is about more than measurement – doing the right thing benefits the business, people and the environment as a whole. When businesses adopt flexible working and provide supporting tools and processes, they can improve employee safety, productivity and engagement in addition to ESG metrics.”
Additional resources
A copy of the white paper, an interactive e-book and accompanying infographics for the report can be downloaded here. A copy of the full 2022 Business Futures Index is available upon request.
Survey method
Part 4 Freelance Technology Market Researcher Posted. Vanson Bourne To conduct the quantitative research on which this report is based. In May and interviewed a total of 3450 respondents June 2022From 12 states: US (1000); Canada (150), UK (400) Germany (400) France (200) Netherlands (250) Norway (200) Denmark (100) Sweden (200) Belgium (150) Australia (200) and Singapore (200) Respondents were from all private and public sectors (including IT and technology, business and professional services, education and philanthropic and not-for-profit) and from organizations with 200-20,000 employees. Respondents from all departments and seniority levels are allowed to participate. In the year There are also references to historical data performed using the same method in 2021. The findings of this research program are available here.
About Section 4
Unit 4’s next-generation enterprise marketing planning (ERP) solutions power many of the world’s middle-market organizations, bringing together finance, procurement, project management, human resources and FP&A capabilities to deliver real-time data sharing and advanced insights. Organizations become more efficient. Combining our mid-market expertise with a focus on people, we have built flexible solutions to meet the unique and changing needs of clients. Unit 4 serves more than 5,100 clients globally, including professional services, non-profit and public sector, with clients including Southampton City Council, Metro Vancouver, Buro Happold, Devothem, Save the Children International, Global Green Development Institute and Oxfam America. For more information, visit www.unit4.com.
For more information, please visit https://www.unit4.com/, follow us on Twitter. @Unit4global,
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Media Contact:
Lisa Stassuli
Global Communications Manager, Division 4
Mobile: +44(0)7870 916827
[email protected]
Source Section 4
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