The World Most Attractive Employers score 25% higher on ESG compared to the global average. Employees, one of the main stakeholders in a company, are central in defining its success because they implement the operational policies. By making them an important reporting topic in your ESG efforts serves as a motivation for working harder. This is one of the secrets that most revered companies use to stay ahead of the competition and enjoy higher profits.
What is ESG Sustainability Reporting?
Before looking at how ESG sustainability helps to promote employee productivity, the first step is to comprehend what it is. This is the process of disclosing a company’s impacts in three key areas: environmental, social and governance. The aim of ESG sustainability reporting is to transparently reveal a company's work in promoting sustainability so that investors can select the firms that are more responsible.
Although the primary goal of ESG platform is creating a report at the end of the reporting phase, you need to appreciate that the overall picture is way bigger than that. ESG reporting allows you to become an important cog in helping the globe address the key challenges facing it, such as global warming and emerging wars.
At the company level, ESG reporting acts as a mirror that you can use to understand the company’s opportunities and risks. When preparing an ESG report, you must strictly adhere to the following principles:
- Materiality.
- Accuracy.
- Verifiability.
- Neutrality
How ESG Sustainability Increases Employees Productivity
As a company, every activity should be aimed at helping it to move forward. However, ESG sustainability reporting has proved to be more effective in driving success. One of the most notable areas is in supporting employee productivity. Here are the main ways you can use ESG to increase staff productivity.
- Supporting Employees Career Growth
Happy employees are the bedrock of success for any company. ESG sustainability reporting for most companies starts with employees because they foresee the implementation of key policies. Defining their career growth path makes them “own” the company and want to make it even better. If your employee is sure of getting promoted and ultimately taking up the managerial role, no effort will be spared to ensure the sustainability goals are achieved. Your staff will even go a step ahead and suggest new areas for growth and success in the company.
- All Efforts are Directed at Demonstrating Value to Employees
The productivity of employees can only go up when they know they are valued. ESG reporting helps you to change your staff's perspectives by considering them as important stakeholders in the company. To keep them at the front and get more from their work, employees are made to feel part of the company. Their value is not just noted when they work at the company, but even away. Good considerations here include extending medical cover to their families, consulting them during times of changes, and offering multiple channels of communication. If one of the employees feels there is something that could have been done better, the suggestion is taken right away because he/she has the company at heart. The suggestion might even form the basis for the next product development.
- ESG Sustainability is Anchored on Building a Positive Culture
Another way ESG sustainability reporting uses the staff to catapult productivity to the next level is by ensuring there is good workplace culture. Here, employees and company management link up to define the workplace to ensure everyone is proud of it. The company stops being just a place for work, but an important unit in everyone's life. This satisfaction will make them want to deliver more because the company’s success is their success. When you get to this point, your company can only grow.
As you can see, employees are important stakeholders in any company and ESG reporting acts as a vital pillar in ensuring their welfare is taken care of. Remember that ESG sustainability reporting must be conscious and accurate so that it is not labeled greenwashing. To achieve this, make sure to follow the right ESG reporting process and work with appropriate sustainability management software. Visit Diginex.com now to learn more about ESG reporting and how to get more from it for your company.
Employee productivity can be defined as the amount of work (or output) produced by an employee in a specific period of time.
Read this blog to know more about itEmployee productivity is defined as an assessment of value generated by an individual employee within a specific time period.
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