In the bid to keep up with the sustainability shifts, finance leaders must look into upskilling employees to rise to the challenge.
In a study by Bain & Company, it was found that 75% of business leaders believe they have not embedded sustainability well into their business.
This include a lack of initiative in developing talent as the instinct of many organisation leaders is to prioritise external hiring to address all skill gaps, including in sustainability.
Bain said it is important that leaders must address sustainability’s challenges through a combination of smart upskilling and cultivating a learning mindset among its employees.
Further, the survey of 4,700 people found that 63% felt different skills and behaviours would be required for their company to execute on its ambition or strategy on environmental, social, and governance (ESG), yet only 45% of non-managers said their employer offers the reskilling and upskilling opportunities that would enable internal mobility.
Despite almost every leader saying they have a talent problem, few companies have defined what it means to be a great employer.
In Bain’s recent survey, 44% of respondents revealed it is easier to find a better opportunity outside of their company than within it.
