Younger Workers Are Rejecting Job Offers From Companies Based On ESG Factors
One in three 18- to 24-year-olds rejected job offers based on companies’ ESG mission, a new KPMG survey has found
Younger workers in the UK are influenced by companies’ Environmental, Social, and Governance (ESG record) when accepting job offers, a new report by Big Four consulting firm KPMG has found.
KPMG surveyed 6,000 adult office workers, students, apprentices, and recent leavers of higher education to find out the key factors in job decisions among the younger demographic.
The report found almost half (46%) of those surveyed looked for companies that aligned with ESG values, with 1 in 5 (20%) rejecting offers from companies that did not share their same ESG principles.
The 25- to 34-year-old age group were the most likely (55%) to view a company’s ESG values as important in their job decision. A further 51% of 18- to 24-year-olds held similar beliefs, while 48% of 35- to 44-year-olds valued organizations’ ESG commitments.
Many Master in Management (MiM) programs—business school degrees aimed at those in their early to mid-20s—match these concerns with a strong emphasis on environmental issues in business, such as the top-ranking Master in Strategy and International Management (SIM) offered by the University of St.Gallen.
Another school that has recognized the increasing focus on the environment among younger people is NEOMA Business School in Paris, which launched a Sustainability Transformation track within its MiM curriculum.
The KPMG survey also revealed that 64% of surveyed office workers would reject working in industries that are considered unethical, but strong ESG values among companies could make 37% of this group change their minds.
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