Despite the commitment, 54% of companies have not yet established clear goals for ESG strategies.
The importance of the ESG agenda in companies is growing, driven by positive practices in the environmental, social and governance areas. This not only promotes healthy business growth, but also demonstrates a commitment to the United States’ 17 Sustainable Development Goals. HIM. The consultancy’s “HR Trends 2023” study Korn Ferry reveals that 67% of companies in Brazil have adopted ESG as a strategic pillar, while 33% have not yet done so. Furthermore, 75% of companies plan to adopt ESG practices in the next 12 to 18 months, while 25% do not have this intention.
The partner and leader of digital solutions at Korn Ferry Brasil, Rodrigo Accarini, highlights that after the pandemic, work and business relationships became more significant, increasing engagement with the ESG agenda.
Labor, personal and business relationships have become even more expressive and relevant after the pandemic, even though there has been a conscious agenda on environmental, social and governance issues for many years, there is greater engagement now. Let’s remember that the adoption of these policies, with greater transparency, generates confidence for investors, strengthens local communities, includes vulnerable groups and creates bonds of responsibility with Brazilian and global sustainability, he says.
The study identifies ESG priorities, including reducing emissions, efficient use of resources, renewable energy, investment in philanthropic projects and human resources policies aligned with the company’s values. Despite favorable adherence, 54% of companies have not yet set goals for their ESG strategies.
The director of Transformation and Culture projects at Korn Ferry, Joana Cortez, highlights the challenge of incorporating ESG goals into the organizational culture, involving leadership and employees.
Corporations must remember that it is not enough to understand the concepts, forms of applicability and results that these policies can bring to the business, but to constantly incorporate this into the organizational culture, because this must also be considered a goal. Involving from leadership to top employees, in a way that is natural and starts to change personal lives, even outside the corporate scenario, will be a great achievement and solution when defining the agenda’s purposes, he warns.
The study also shows that CEOs and executives have the greatest responsibility for implementing policies, and ESG goals influence bonuses, ranging from 10% to more than 30%.
The survey also addressed the organizational structure of companies in relation to ESG, revealing that 74% have a board of directors and 52% have agenda-related committees. The research indicates that 86% of companies have a committee responsible for governance and monitoring ESG goals.
Joana emphasizes the importance of these committees in defining goals and the applicability of ESG policies. The research was carried out between June and July, with tabulation and analyzes carried out at the end of the year, with the participation of 652 companies in Latin American countries, highlighting the specific results from Brazil.
Methodology
The study aims to provide information that helps participants make strategic decisions in relation to different current topics in the human resources area. The research was carried out between the months of June and July and involved the participation of 652 companies from different sectors in the following countries:
Argentina (125 participants), Brazil (265 participants), Chile (117 participants), Colombia (78 participants) and Peru (67 participants).
This report presents results from Brazil. In order to obtain a broader understanding of the reality of human resources in the region, be sure to consult the consolidated results of the five countries.
*Photo de capa: Shutterstock
Follow Adnews on Instagrame LinkedIn. #WhereTransformationHappens
