YuLife, the tech-driven financial services brand on a mission to inspire life, has announced the publication of a new report about UK working adults and their attitudes to environmental and social initiatives in the workplace. Based on a survey conducted in conjunction with YouGov, the report found that less than half of UK working adults (39%) agree that their workplace makes a positive impact on society and the planet.
According to the survey, environmental and social initiatives can have a significant impact on wellbeing in the workplace:
Workplaces have increasingly embraced ESG (environmental, social, and corporate governance) as a means of boosting employee engagement and standing out from their competitors. With many businesses having upped their ESG investment in recent years, today’s new YuLife-YouGov report sheds light on what UK working adults want and expect from their workplaces, equipping businesses with vital insights into how to focus their ESG programmes most effectively.
The report finds that many UK employees consider ESG initiatives to be an important factor in their choice of workplace. 42% of UK working adults agree that they are more likely to work for a company with environmental initiatives (such as recycling programmes, sustainable products and packaging, a walk-to-work scheme, etc.) over one without. 37% of UK working adults say they would steer clear from working for a company with poor green credentials. Despite this, the finding that less than half of all employees agree that their workplace makes a positive impact on society and the planet demonstrates that many employers need to bolster their ESG offerings.
“In the wake of the ‘Great Resignation’, employees are increasingly conscious about choosing a workplace which best fits their needs, preferences and priorities,” said Sammy Rubin, CEO and Founder, YuLife. “This survey clearly demonstrates that large numbers of UK employees want to work in an environment which makes a positive difference to society, but employers still have some way to go in order to respond to employee demand on this issue. With many companies’ budgets now tightening, it’s especially important that businesses don’t lose sight of this vital need, and ensure that ESG expenditure is well-matched to employees’ expectations.”
Additional findings include:
· Reputation Enhancement. When asked to imagine working for a company that is investing in causes to tackle climate change and environmental issues 62% of working adults agree it would make them think more positively about their company.
· Incentives for Green Habits. 51% of UK working adults believe they are more likely to commute to work using environmentally friendly means of transport (walking, cycling etc.) if their employer incentivised them to do so.
· Sustainability is Key. 56% of UK working adults believe it is important that their company buys products and services from diverse and sustainable brands. Only 10% feel that is it not important at all that their company does this.
· Brainstorm Benefits. 44% of UK working adults believe it is important to them to have a say in the causes their company invests in.
· Generation Gap. ESG initiatives tend to matter more to younger employees. 66% of 25-34 year-olds agree that they’re more likely to volunteer if arranged by their workplace, and 62% are more likely to walk or cycle to work if incentivized by their employer.
The full results of the survey can be viewed here.