The business landscape in which organizations operate is rapidly changing. Climate change, the COVID pandemic and geopolitical developments have increased the sense of urgency around sustainability. The aspirations and expectations of younger generations of employees have also changed. Employees are keen to work for companies with a sustainability strategy. They also want to be able to contribute to sustainability goals. An ESG-proof rewards policy has become an indispensable tool in actively involving employees in realizing an organization’s sustainability strategy.
For example, linking the ESG strategy to performance-related rewards for managers, making the terms and conditions of employment sustainable and having flexible working hours and days. Not only HR professionals but also payroll tax and global mobility specialists have a role to play in this discussion and can help in getting your organization to embrace ESG.
What can you expect from us?
Whatever your ambitions with regard to sustainability, there are numerous ways in which our Tax and Legal professionals can help you design and implement a sustainable remuneration policy. Whether it’s making employment conditions greener, drawing up and implementing a working-from-anywhere policy, or helping to implement EU regulations, we would be pleased to help you design and implement a new rewards policy with a strong ESG flavor that is compliant with EU reporting obligations.
ESG indicators
You can achieve this by having your remuneration packages not only take account of financial, but also (long-term) ESG indicators, such as environmental impact, social justice and sound management. These help in positioning your company as a responsible and ethical organization. They also force directors/managers and employees to commit to creating long-term value for the company.
ESG in personnel policy
Moreover, including ESG criteria in the company’s personnel policy strengthens your image as an attractive employer on the labor market. Green employment conditions, equal pay for equal work, inclusivity and diversity in the workplace, flexibility and social safety are themes that have become increasingly appealing to employees as well as helping to make your company future‑proof.
