Survey: Employees want to work at companies with sustainability programs

With an increasing number of companies establishing environmental, social and corporate governance initiatives, Swytch, a blockchain-based clean energy platform, recently conducted a survey of 1,000 employees in the U.S. who either currently work for or have worked for a company with over 5,000 employees to explore their sentiments around employers’ corporate sustainability activities.

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The survey results show that employees of all generations seek companies that have programs set in place to be more sustainable. Gen Z and Millennials in particular are the most enthusiastic about pursuing and staying loyal to greener companies.

When choosing a company to work for …

  • over 70% of people surveyed are more likely to work for a company that has a strong green footprint.
  • Nearly half of respondents are even willing to accept a smaller salary to work for an environmentally and socially responsible company.
  • Over 10% would accept a salary decrease between $5,000 and $10,000
  • Over 3% would even be inclined to accept a decrease of over $10,000 per year.

Age breakdown

Younger generations feel the most strongly about their employers taking steps to increase corporate sustainability. Over a third of both Gen Z and Millennials say it would be a deal breaker for them to work for a company that does not have a strong sustainability culture, whereas under a quarter of Gen X and only 17% of Baby Boomers would agree. In fact, nearly 40% of Millennials have accepted one job offer over another because that company was sustainable.

Beyond just attracting new talent…

Swytch’s study shows that creating and circulating long-term sustainability goals will also help a business retain its employees. Nearly 70% of respondents say that a strong sustainability plan would affect their decision to stay with a company long term. In fact, about 30% have left a company due to its lack of a corporate sustainability agenda and over 11% have done so more than once.

“Extreme weather events and natural disasters are serving as a wake-up call to the severe effects of greenhouse gas emissions,” said Evan Caron, co-founder and managing director of Swytch. “As a growing number of employees are eager to see corporations take a stand on environmental responsibility, employers will have to respond accordingly in order to attract and retain top talent.”

Other interesting findings include:

  • Over 35% of total respondents, and over 40% of Millennials, have committed more time and effort to a company because they were happy with its sustainability agenda
  • Across the political spectrum, both liberals (95%) and conservatives (89%) overwhelmingly agree that companies should be rewarded for producing and/or consuming renewable energy
  • Over a third of respondents believe that the national government should be primarily responsible for addressing climate change while nearly a quarter of respondents believe large corporations should be responsible

 

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