Connect with us

Hi, what are you looking for?

ESG Insight


Report: Companies with poor ESG credentials struggle to attract top talent

Financial details of the transaction were not disclosed.

Businesses that have poor environmental credentials are struggling to attract top talent, according to a new report.

Research carried out by business services provider DWF found two in five businesses are failing to find staff due to their environmental, social and governance (ESG) policies being perceived as “weak”.

The fresh figures underline the growing importance workers are assigning to employers’ role in helping to tackle climate change and practice good corporate governance when considering their next career move.

Kirsty Rogers, Head of ESG at DWF, said: “The clear message from our survey is that companies not only understand the need to have a strategy for ESG, but that without one there are clear costs.”

Losing out on work

DWF also found 61 per cent of businesses are losing out on work as a result of poor ESG credentials, underlining the importance of firms taking ESG principles seriously in order to remain attractive business partners.

Issues with universal reporting standards for ESG credentials limiting the degree to which businesses can display how they are responding to climate change show little signs of persisting.

Nearly half of firms are limiting their ESG disclosures to those that they believe will not create any legal issues, DWF found.

“Following COP26, it is even more clear that companies have a huge role in driving the global transition,” Rogers concluded.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Sticky Post

Banks are increasingly vying to establish their ESG credentials in a very competitive marketplace, in the wake of the COP26 climate talks and as they look...


"A vital step to consolidate the patchwork of voluntary guidance around climate change disclosures into one single set of norms"

Sticky Post

By Jim Wood-Smith  This is the week of the self-proclaimed World Economic Forum. To be pedantic, it is the Annual Meeting of the Forum,...


Carbon accounting software-as-a-service (SaaS) provider Persefoni has raised $101 million in a landmark Series B funding round that brought in some of the biggest...

Copyright © ESG Insight, 2021.