October 19, 2022
October 19, 2022
Photo by Appolinary Kalashnikova on Unsplash
A predicted recession has companies reviewing – and perhaps even rethinking – their environmental promises, Fortune recently reported. But employers that turn away from investments in sustainability and climate-related skills may find themselves behind in the next decade, according to those in the field.
But while employers are being pushed to set lofty environmental goals to satisfy investors and the public, some may not have the talent to achieve them, a September report from Salesforce said. Eighty-eight percent of workers surveyed said there’s too little investment in sustainability training to reach ESG targets and 82% said an inability to find skilled talent is blocking companies from reaching their goals.
Climate action is also top of mind for Generation Z and young millennials, a Deloitte report from earlier this year noted. Employers that focus on it could see improved retention, especially among this cohort, it concluded.
And despite pessimism about ESG during a downturn, Alan Murray, president and CEO of Fortune, wrote in his CEO Daily newsletter, “I keep finding myself in conversations with forward-leaning CEOs who insist it is times like the present that test their mettle. They believe continued investment, both in digital transformation and in sustainability, will be critical to their long-term success. And those who can find a way to keep investment up, even in the face of a downturn, will win the future.”
One provider — Axa’s The Climate School — says interest in sustainability training is strong. The relatively new program went from zero clients a year ago to close to 100 now, Antoine Poincare, the schools’ VP, told HR Dive. And this may promise changes for HR and L&D leaders akin to the great digital shift of the last decade.
Any HR professional who has been to a conference in the past decade has heard the truism, “every company is a tech company.” Poincare said he believes sustainability skills and jobs will be the next, similar direction companies will be expected to take.
“When we coined the phrase, ‘every job is a digital job,’ we weren’t only focusing on new jobs but infusing … digital tools into all of the jobs,” he said, including HR, communications and learning.
Read the full report here