Sector News

When people thrive, business thrives: The case for human sustainability

July 7, 2024
Sustainability

We are operating in a human-powered economy. Organizations are at a watershed moment, with many having transitioned from an industrial economy to a knowledge economy and now to an economy that is powered by the hearts, minds, and essential human traits of people—in short, our humanity. Today, for many organizations, nothing is more important than its people, from workers and contractors to customers and community members. These human connections drive everything of value to an organization, including revenue, innovation and intellectual property, efficiency, brand relevance, productivity, retention, adaptability, and risk. Yet organizations’ current efforts to prioritize these all-important connections are generally falling short—in part because many organizations are stuck in a legacy mindset that centers on extracting value from people rather than working with them to create a better future for organizations and individuals alike.

To advance on the social dimension of ESG (environmental, social, and governance), leaders should reorient their organizations’ perspective around the idea of human sustainability: the degree to which the organization creates value for people as human beings, leaving them with greater health and well-being, stronger skills and greater employability, good jobs, opportunities for advancement, progress toward equity, increased belonging, and heightened connection to purpose.

Human sustainability—a concept we introduced in the 2023 Global Human Capital Trends report1—requires organizations to focus less on how much people benefit their organization and more on how much their organization benefits people. Some organizations are already making this shift. As Gabriel Sander, head of human resources for global distillery, Cuervo, said, “Companies can’t offer you employment forever, but they should make you employable forever.” READ MORE

by Sue Cantrell, Jen Fisher, Joanne Stephane, Jason Flynn, Amy Fields, Yves Van Durme

Source: deloitte.com

comments closed

Related News

September 7, 2024

How LEGO is building towards a more sustainable future

Sustainability

As LEGO expands its supply chain, smart choices and thinking are helping the Danish toy company meet its sustainability targets and achieve growth. In a toy industry grappling with market downturns, LEGO has not only maintained its position at the top of the tree, but has also posted record-breaking results for the first half of 2024.

August 31, 2024

How is Carlsberg recycling CO2 from its beer bubbles?

Sustainability

Carlsberg’s new carbonation tanks at its brewery in Falkenburg, Sweden, will recycle 40% of its carbonic acid – and create a more sustainable process. As one of the first players in the industry and in line with the company’s sustainability programme Carlsberg Sweden decided to invest in the facility, leading to the installation of the tanks and the estimated 40% carbon dioxide recycling by the end of 2024.

August 24, 2024

SUEZ, Arup: the firms helping cities become ‘sponges’

Sustainability

Urban areas are particularly vulnerable to flash floods. Concrete and tarmac do not let water through easily, preventing it from being absorbed into the ground. When drainage systems cannot handle the amount of water from a storm it can lead to flash floods.