The crucial role of human capital ESG | Deloitte US has been saved
Increasingly, ESG is becoming much more than a reporting and branding exercise. It is an effective and necessary way of guiding business activities to achieve better climate and sustainability outcomes. Stakeholders across organizational ecosystems are beginning to take note and place pressure on companies to do more.
Whether Climate and Sustainability impact or ESG metrics elevation is the motivation or inevitable outcome of an organization’s investments, the focus on People plays a vital role as a driver and/or enabler of transformation success. Without this focus, it is inevitable that these critical investments will fall short of expectations or fail entirely.
Investing in the People dimensions of changes and transformation is critical, as:
However, investing in the People dimensions of changes and transformation is often a gap. In the 2022 Chief Transformation Officer Survey,
Whether it is delivering a net zero strategy, executing a renewable energy transformation, or preparing for the SEC regulatory environment, organizations can use the Human Sustainability Blueprint to achieve lasting value from their Climate and Sustainability efforts by unlocking the potential of their people by focusing on considerations around Work, Workforce and Workplace.
The components of the Human Sustainability Blueprint and some practical applications are:
Organizations should undoubtedly develop sound business strategies to make forward progress around Sustainability goals. These strategies, however, cannot be successful without an intentional focus on the work, the workforce, and the workplace. Achieving sustainability outcomes require putting people at the very core of an organization’s ESG and Sustainability success.
1. Herring, C. (2009), ‘Does Diversity Pay? Race, Gender, and the Business Case for Diversity, American Sociological Review,