As companies search to combine sustainable practices into their core enterprise fashions, the problem is turning into more and more essential within the company world, reveals new analysis from Singapore-based persevering with schooling and coaching supplier NTUC LearningHub. Nevertheless, greater than half (56 p.c) of employers don’t have well-defined sustainability objectives or methods for his or her enterprise, and solely 14 p.c are within the superior stage of implementation, the place at the very least one spherical of implementation of methods has been accomplished.
The agency’s not too long ago launched Particular Report 2022 on Sustainability additionally finds that 49 p.c of companies face challenges aligning sustainability objectives with their total firm’s objectives, whereas 47 p.c cite a lack of know-how and experience in implementing sustainability methods. The report goals to uncover the significance of implementing sustainable enterprise practices, the demand for sustainability-related expertise, and the precedence expertise required of staff by corporations embarking on their sustainability journey. It additionally affords suggestions on key areas companies can deal with in implementing sustainability initiatives.
Whereas most enterprise leaders (76 p.c) cite the principle cause for implementing sustainability objectives as a social duty, greater than half (59 p.c) of them say implementing sustainable practices can assist enhance enterprise outcomes. The truth is, they reveal that having sustainability methods helps to create a optimistic picture for the group (56 p.c), encourages enterprise innovation (53%), and protects companies from environmental dangers (46 p.c).
Nevertheless, 86 p.c of enterprise leaders agree that there’s a hole in experience and talent units across the area, and 36 p.c say that their group wants exterior assist in implementing sustainable objectives past consciousness.
“The rising name for corporations to undertake sustainable practices, and the transition to a low carbon economic system and sustainable enterprise mannequin is now not a alternative,” stated Tay Ee Study, NTUC LearningHub’s Director of Technical Abilities Product Division, in a information launch. “Companies adopting sustainable practices won’t solely mitigate enterprise dangers in compliance reporting, reputational dangers and local weather change, they’ll probably reap advantages, akin to enhancing operational efficiencies, innovating services and products, amongst others. Companies ought to due to this fact view sustainability as a long-term funding and transfer ahead from consciousness to motion. Companies who’re eager to kickstart their sustainability journey can take into account tapping on exterior experience, and/or upskilling their workforce to construct capability to maintain the journey.”
Obtain the total report right here.
The report is predicated on a survey of 200 enterprise leaders throughout totally different industries in Singapore and interviews with business practitioners and consultants from NTUC LearningHub.
