Jun 14, 2023 Energy

“Climate Quitting”: Young UK Jobseekers Rejecting Offers Over Insufficient ESG Credentials

According to a survey, approximately 33% of young individuals in the UK have declined a job offer due to their potential employer's insufficient ESG credentials.

KPMG has reported that a growing number of 18- to 24-year-olds are turning down job offers from companies whose environmental, social and governance (ESG) performance doesn't meet their expectations.

This trend, dubbed "climate quitting," was identified in a survey of 6,000 UK office workers, students, and apprentices, which found that 46% of respondents want their employers to demonstrate green credentials.

Overall, 20% of respondents rejected offers from companies whose ESG commitments didn't align with their values, with this figure rising to 33% for 18- to 24-year-olds. Over half of 18- to 24-year-olds and 25- to 34-year-olds value their employer's ESG commitments, while 48% of 35- to 44-year-olds felt the same way. Additionally, 30% of respondents researched companies' ESG credentials when job hunting, with this figure rising to 45% for 18- to 24-year-olds.

The areas researched by job seekers included a company's environmental impact and living wage policies, with younger workers tending to focus on fair pay commitments and those aged 35 to 44 more interested in environmental impact.

John McCalla-Leacy, head of ESG at KPMG, noted that younger workers were prioritizing firms' climate credentials, given that they would see greater impacts if global climate targets weren't met. He added that "businesses need to have credible plans to address ESG" to attract and retain a growing pool of millennial talent, who will make up 75% of the working population by 2025.

The trend is likely to benefit green businesses looking to recruit more people with sustainability and clean tech skills to meet their net-zero targets.

According to a report by recruitment consultancy firm Hays on Salary and Recruiting Trends, nearly two-thirds of young job seekers are searching for employment opportunities in the sustainability sector, which is in need of fresh talent.

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