𝗗𝗶𝗱 𝘆𝗼𝘂 𝗸𝗻𝗼𝘄 𝘁𝗵𝗮𝘁 𝘂𝗽-𝘀𝗸𝗶𝗹𝗹𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝘀𝗽𝗼𝗻𝘀𝗼𝗿𝘀 𝘁𝗼 𝗱𝗿𝗶𝘃𝗲 𝗰𝗵𝗮𝗻𝗴𝗲 𝗰𝗮𝗻 𝘀𝗶𝗴𝗻𝗶𝗳𝗶𝗰𝗮𝗻𝘁𝗹𝘆 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗲 𝘁𝗼 𝗺𝗲𝗲𝘁𝗶𝗻𝗴 𝘆𝗼𝘂𝗿 𝗼𝗿𝗴𝗮𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻'𝘀 𝗘𝗦𝗚 (𝗘𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁𝗮𝗹, 𝗦𝗼𝗰𝗶𝗮𝗹, 𝗮𝗻𝗱 𝗚𝗼𝘃𝗲𝗿𝗻𝗮𝗻𝗰𝗲) 𝗮𝗻𝗱 𝗖𝗦𝗥 (𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝗦𝗼𝗰𝗶𝗮𝗹 𝗥𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆) 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀?
Yes, there is a clear connection between up-skilling sponsors to drive projects and change in your organisation, and meeting CSR requirements and the social aspects of ESG.
Here's how:
1️⃣ 𝗘𝗺𝗽𝗹𝗼𝘆𝗲𝗲 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗪𝗲𝗹𝗹-𝗯𝗲𝗶𝗻𝗴: Investing in up-skilling programs showcases a commitment to employees' growth and well-being, a crucial pillar of ESG's social aspect. Companies prioritising employee development often enjoy enhanced engagement, retention, and overall satisfaction, positively impacting their ESG ratings.
2️⃣ 𝗖𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁: Up-skilling initiatives can transcend the company's boundaries, reaching out to community members. Providing training and educational opportunities to individuals in communities where they operate fosters social development and economic empowerment, fulfilling corporate social responsibilities.
3️⃣ 𝗦𝘁𝗮𝗸𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗘𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: By up-skilling project sponsors and project teams, companies enhance their ability to engage stakeholders effectively. This includes communicating about ESG initiatives and project impacts transparently. Effective communication builds trust with investors, customers, employees, and other stakeholders, aligning with ESG's governance aspect.
In essence, up-skilling sponsors for project management and change not only enhances capabilities but also directly contributes to ESG requirements.
It reflects a commitment to employee development, community engagement, and stakeholder transparency, showcasing an organisation's dedication to sustainable and responsible practices.
Want to know more about how to level up your sponsor(s) capability?
Contact me.
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