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We are seeing a monumental global shift in the world and in the workforce. A shift where governments and organisations are facing the challenges of how best to realise the necessary transition to a net-zero economy. Done well, the transition can create huge opportunities. But, without care, it could come at a social and human cost. Many organisations still look at sustainability primarily through an environmental lens without seeing the benefits of focusing on People Sustainability. Addressing People Sustainability will not only positively affect employees but will also bring economic and environmental benefits.
Sustainability begins with the people. Along with the net-zero paradigm shift comes disruption. As we enter the green era, a concern across the board is the impact of the transformation on people and communities. The effect on employment, which we expect to be a mixture of job creation and job loss, is likely to be profound. Like in any change process, people will be interested to change if the proposed solution will bring benefits. It is the people’s choices and behaviours that will determine the trajectory of our collective transition to a sustainable world. It is our conviction that the green transition will only succeed at the pace and scale demanded by the urgency of the climate challenge through the cultivation of a culture of sustainability cross the entire value chain: employees, contingent workers, suppliers’ employees, and people in the communities.
People Sustainability can be defined as the intersection of employee engagement, empowerment, and corporate responsibility based on the simple concept to treat people ethically and fairly, across the value chain. Tying this to business goals improves the employee experience which will build stronger companies that are better capable of meeting the needs of customers and stakeholders and managing all sorts of business risk.
A People Sustainability strategy is the umbrella under which a company considers the following topics:
Addressing this transformation strategically with the aim to get ready for audited reporting will enable sustained outcomes:
By following this approach, you can start to integrate ESG into the people agenda in a way that reinforces a sustainable culture and supports the long-term creation of value:
People at the center of your efforts. People Sustainability is becoming a priority on business agendas. In this webinar series, we address people-related risks and opportunities across the value and supply chains in order to support you create a sustainable culture within your organisation.
Senior Manager, People and Organisation, PwC Switzerland
Tel: +41 58 792 98 27
Johannes (Joop) Smits
Partner, People and Organisation, PwC Switzerland
Tel: +41 58 792 91 64