How A Business’ ESG Credentials Can Attract Top Finance Talent

Attracting and retaining top talent goes beyond traditional perks like salary and benefits. We see companies focus on ESG commitments as it becomes increasingly important to accountants and finance professionals when looking for a new role with a potential employer. In this blog post, Elaine Liston explains the significant role ESG credentials play in talent acquisition and retention, particularly within the accounting sector.

The Importance of ESG in Talent Attraction:

In a recent survey, nearly six in ten workers cited respect, health benefits, and work-life balance as their primary motivators, highlighting a shift away from solely monetary incentives. To remain competitive, accounting firms must demonstrate a robust ESG purpose, whether through initiatives like gaining B Corp status or implementing inclusive diversity policies.

The Rise of ESG in Corporate Culture:

Over the past two decades, ESG has emerged as a central topic in boardrooms worldwide. Executives within accounting firms are increasingly mentioning ESG-related topics during earnings calls, signalling a fundamental shift in corporate priorities. With a significant majority of employees expecting their employers to be forces for good in society, accounting firms must integrate ESG principles into every aspect of their operations, from recruitment to HR strategies.

Navigating the Sustainability Landscape:

Sustainability is no longer a mere buzzword; it's a driving force behind consumer decisions and employee loyalty, even within the accounting sector. Accounting firms must demonstrate a genuine commitment to social issues to compete in a global market. However, companies must be wary of "greenwashing" – the practice of making misleading claims about environmental initiatives. With regulators cracking down on deceptive marketing practices, authenticity is key.

The Role of Leadership in ESG Integration:

ESG integration requires buy-in from all levels of an accounting organisation, from CEOs to chief sustainability officers. It's not just about ticking boxes; it's about setting a new standard for success.

Future Outlook and Challenges:

While the road to robust ESG integration may pose challenges, including data management and regulatory compliance, various support mechanisms are available to accounting firms striving to enhance their ESG strategies. Ultimately, ESG is not just a trend but a transformative element.

CSRD Reporting Requirements

For accounting firms governed by or established in the EU, the Corporate Sustainability Reporting Directive (CSRD) applies to large companies meeting specific criteria regarding employees, turnover, and assets. Compliance with CSRD reporting requirements is essential for accounting firms aiming to demonstrate their commitment to sustainability and social responsibility.

At Sanderson , we understand the importance of attracting top talent. For more information on how we can support your business, please get in touch with us today.