Two in five over 55s would climate snub a firm with the wrong ESG credentials, survey reveals

Summary

A survey by Resource Solutions found that two fifths (39%) of over 55s would turn down a pay rise at an unethical or non-sustainable company, and one in four (27%) would leave their job if they felt their employer was ‘greenwashing’ their environmental efforts. This counters the assumption that older workers aren't concerned about the environment. Other research found that more than seven in 10 50-69 year olds are worried about climate change, and 35% of all UK workers would consider 'climate quitting' for an ESG-friendly employer. Gen Z employees are the most environmentally conscious, with 54% saying they would leave their current position if their employer was found to be guilty of greenwashing. Companies should weave their ESG mission into job descriptions and provide access to dashboards to show progress against targets to attract and retain talent of all ages.

Q&As

AI Comments

👍 This news is encouraging, as it shows that the assumption that older workers don't care about the environment is false. It's great to see that older workers are equally as concerned about the environment and climate change and are willing to make the right decisions with their job choices.

👎 Despite the encouraging news, it's concerning that many employees still don't have the access to understand how their organizations are performing against business targets related to ESG plans. This will likely lead to employees not being properly informed about their company's environmental efforts.

AI Discussion

Me: It's about how two in five over 55s would climate snub a firm with the wrong ESG credentials. The survey shows that over 55s are just as concerned about environmental sustainability and ethical practices as other generations.

Friend: That's really interesting. It shows that age alone isn't a determining factor in people's attitudes towards ESG.

Me: Yes, that's true. It also suggests that businesses should take ESG seriously and make sure they are investing in sustainable practices if they want to attract and retain loyal employees from all age groups. Companies should also be transparent about their ESG plans and make sure their employees are involved in the process.

Action items

• Research ESG credentials of current and potential employers to ensure they are meeting environmental and social standards.
• Advocate for ESG initiatives in the workplace, such as introducing dashboards to measure the impact of ESG plans and creating actionable plans to meet environmental targets.
• Encourage employers to include ESG considerations in job descriptions and provide training for managers to ensure they are aware of the importance of ESG.

Technical terms

ESG

Environmental, Social, and Governance. This is a set of standards for a company's operations that focus on environmental protection, social responsibility, and corporate governance.

Greenwashing

A term used to describe the practice of making a company or product appear to be more environmentally friendly than it actually is.

Climate Quit

Refers to the act of leaving a job due to the company's lack of commitment to environmental sustainability.

Climate Complacency

A lack of concern or action taken to address climate change.

EDI

Equity, Diversity, and Inclusion. This is a set of standards for a company's operations that focus on creating a workplace that is equitable, diverse, and inclusive.

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