{"id":15039,"date":"2024-05-04T18:16:54","date_gmt":"2024-05-04T11:16:54","guid":{"rendered":"https:\/\/fpt-is.com\/en\/?post_type=goc_nhin_so&#038;p=15039"},"modified":"2024-07-17T15:22:01","modified_gmt":"2024-07-17T08:22:01","slug":"hrs-role-in-esg-practices-your-first-steps-2","status":"publish","type":"goc_nhin_so","link":"https:\/\/fpt-is.com\/en\/insights\/hrs-role-in-esg-practices-your-first-steps-2\/","title":{"rendered":"HR&#8217;s Role in ESG Practices: Your First Steps"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Companies are serious about sustainability these days, focusing on eco-friendly practices and reducing their environmental impact. But it&#8217;s not just about the environment or pleasing investors. HR can play a key role in these efforts, creating a win-win for employees, the company, and society as a whole. This article explores how environmental, social, and governance (ESG) factors are transforming HR and the exciting opportunities for HR professionals in this new era of sustainability.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this article, we&#8217;ll cover:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>The Importance of ESG: <\/b><span style=\"font-weight: 400\">This section explains the concept of ESG and its relevance to HR practices.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>HR&#8217;s Role in Sustainability:<\/b><span style=\"font-weight: 400\"> This section explores how HR contributes to a company&#8217;s environmental, social, and governance goals.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Building an ESG-focused HR Strategy: <\/b><span style=\"font-weight: 400\">This section dives into how to integrate ESG principles into your HR approach.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Taking Action: <\/b>This section provides practical steps HR departments can take to drive ESG initiatives within their organizations.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15042\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/1-ESG-in-HR-1714814256-700x439.jpg\" alt=\"1 Esg In Hr 1714814256\" width=\"700\" height=\"439\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/1-ESG-in-HR-1714814256-700x439.jpg 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/1-ESG-in-HR-1714814256.jpg 1558w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h2><span style=\"color: #008000\"><b>1. ESG 101:\u00a0<\/b><\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">ESG stands for Environmental, Social, and Governance. It&#8217;s a framework used to assess a company&#8217;s performance beyond just its financial results. Here&#8217;s a breakdown of each factor:<\/span><span style=\"font-weight: 400\">Environmental: This considers a company&#8217;s impact on the planet. Key aspects include:<\/span>\n<ul>\n<li style=\"font-weight: 400\"><b>Carbon footprint:<\/b><span style=\"font-weight: 400\"> How much greenhouse gas does the company emit?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Resource use:<\/b><span style=\"font-weight: 400\"> Does the company use resources efficiently? Are they looking for sustainable alternatives?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Environmental practices:<\/b><span style=\"font-weight: 400\"> Does the company invest in renewable energy or implement pollution control measures?<\/span><\/li>\n<\/ul>\n<p><b>Case-study: BMW on the Road to Renewables:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The BMW Group is making a big shift towards renewable energy sources to power their factories.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">In Germany&#8217;s Leipzig plant, wind turbines provide electricity for production. They&#8217;re also testing a cutting-edge hydrogen burner technology in their paint shop, with hydrogen powering over 130 floor conveyors.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The San Luis Potosi plant in Mexico takes an entirely sustainable approach, using solar panels to generate all the electricity needed for its operations, leaving no carbon footprint.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">At their Munich facility, they leverage hydroelectric power from nearby rivers, the Lech and Isar, to meet their production electricity needs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">.<\/span><\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15043\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/2-Nha-san-xuat-o-to-xanh-BMW-tai-Leipzig-MayorES-2023-1714814299-700x453.jpg\" alt=\"2 Nh\u00e0 S\u1ea3n Xu\u1ea5t \u00f4 T\u00f4 Xanh Bmw T\u1ea1i Leipzig (mayores, 2023) 1714814299\" width=\"700\" height=\"453\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/2-Nha-san-xuat-o-to-xanh-BMW-tai-Leipzig-MayorES-2023-1714814299-700x453.jpg 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/2-Nha-san-xuat-o-to-xanh-BMW-tai-Leipzig-MayorES-2023-1714814299.jpg 1024w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p style=\"text-align: center\"><em><span style=\"font-weight: 400\">BMW Green Car Manufacturer in Leizig (MayorEU, 2023)<\/span><\/em><\/p>\n<p><b>Social: This looks at how a company treats its employees, customers, and the community. Important factors include:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Labor practices:<\/b><span style=\"font-weight: 400\"> Does the company offer fair wages, safe working conditions, and equal opportunities?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Diversity and inclusion:<\/b><span style=\"font-weight: 400\"> Does the company have a diverse workforce and inclusive practices?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Community engagement:<\/b><span style=\"font-weight: 400\"> Does the company give back to the communities it operates in?<\/span><\/li>\n<\/ul>\n<p><b>Case-study: Big Chocolate vs. Ethical Alternative:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Major chocolate companies like Nestle, Mars, and Hershey source cocoa from West Africa, a region notorious for child and forced labor. Facing public pressure, these brands are being called upon to improve their supply chain practices and ensure fair labor conditions.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Tony&#8217;s Chocolonely stands out as a brand dedicated to ethical sourcing. They pay fair prices to their suppliers and actively fight against child and forced labor within their supply chain. While acknowledging they haven&#8217;t completely eliminated the issue, they are transparent and committed to tackling it head-on.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15045\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/3-ESG-in-HR-1714814326-700x422.jpg\" alt=\"3 Esg In Hr 1714814326\" width=\"700\" height=\"422\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/3-ESG-in-HR-1714814326-700x422.jpg 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/3-ESG-in-HR-1714814326.jpg 800w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><br \/>\n<img decoding=\"async\" class=\"aligncenter size-medium wp-image-15044\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/4-Chuong-trinh-Chocolonely-cua-Tony-nham-giam-lao-dong-tre-em-trong-nganh-Socola-1714814324-700x420.jpg\" alt=\"4 Ch\u01b0\u01a1ng Tr\u00ecnh Chocolonely C\u1ee7a Tony Nh\u1eb1m Gi\u1ea3m Lao \u0111\u1ed9ng Tr\u1ebb Em Trong Ng\u00e0nh S\u00f4c\u00f4la 1714814324\" width=\"700\" height=\"420\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/4-Chuong-trinh-Chocolonely-cua-Tony-nham-giam-lao-dong-tre-em-trong-nganh-Socola-1714814324-700x420.jpg 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/4-Chuong-trinh-Chocolonely-cua-Tony-nham-giam-lao-dong-tre-em-trong-nganh-Socola-1714814324.jpg 1280w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p style=\"text-align: center\"><em><span style=\"font-weight: 400\">Tony\u2019s Chololonely Program to reduce child labor in Chocolate Industry<\/span><\/em><\/p>\n<p><b>Governance:<\/b><span style=\"font-weight: 400\"> This assesses how a company is managed. Key areas include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Leadership:<\/b><span style=\"font-weight: 400\"> Does the company have a strong and ethical leadership team?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Transparency<\/b><span style=\"font-weight: 400\">: Does the company disclose its ESG performance openly and honestly?<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Risk management:<\/b><span style=\"font-weight: 400\"> Does the company proactively manage risks related to environmental and social issues?<\/span><\/li>\n<\/ul>\n<p><b>Case-study: Social Media vs. Reality: Exposing the Gender Pay Gap<\/b><\/p>\n<p><span style=\"font-weight: 400\">Companies flooded social media in 2023 with messages promoting female leadership for International Women&#8217;s Day. However, a data-driven approach by Francesca Lawsome and Ali Fensome exposed a potential gap between these claims and reality. Their gender pay gap chatbot analyzed publicly available data from companies celebrating the occasion. The results were concerning:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Heathrow Airport, despite highlighting female employees, paid women 14% less per hour than men.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Refuge, a domestic violence charity, had a shocking 23.9% pay gap favoring men.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scottish Widows, promoting services to close the pension gap, itself paid women 14% less than men.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: center\"><b><img decoding=\"async\" class=\"aligncenter size-full wp-image-15046\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/5-Ung-dung-Pay-Gap-khao-sat-su-that-tren-mang-xa-hoi-website-cua-doanh-nghiep-1714814443.jpg\" alt=\"5 \u1ee8ng D\u1ee5ng Pay Gap Kh\u1ea3o S\u00e1t S\u1ef1 Th\u1eadt Tr\u00ean M\u1ea1ng X\u00e3 H\u1ed9i Website C\u1ee7a Doanh Nghi\u1ec7p 1714814443\" width=\"597\" height=\"309\" \/><\/b><em><span style=\"font-weight: 400\">An example of Pay Gap App that survey the truth behind social media \u201cnice words\u201d<\/span><\/em><\/p>\n<h2><span style=\"color: #008000\"><b>2. Why ESG?<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400\">A study by McKinsey and NielsenIQ that investigated the correlation between Consumer Packaged Goods (CPG) featuring Environmental, Social, and Governance (ESG) claims and their sales growth. Here are the key takeaways:<\/span><\/p>\n<p><b>Consumers are spending more on products with ESG claims:<\/b><span style=\"font-weight: 400\"> Products with ESG claims grew at a 28% rate over the past five years, compared to 20% for those without. This suggests a shift in consumer preference towards sustainable and socially responsible products. The effect varies by category: Growth wasn&#8217;t uniform across all categories. For instance, ESG claims had a bigger impact on sales in food and personal care compared to beverages.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15089\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-in-HR-2-1714820507-700x306.png\" alt=\"Esg In Hr 2 1714820507\" width=\"700\" height=\"306\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-in-HR-2-1714820507-700x306.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-in-HR-2-1714820507.png 1551w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p><b>Not all claims are equal: <\/b><span style=\"font-weight: 400\">Less common claims like &#8220;vegan&#8221; or &#8220;carbon zero&#8221; led to higher growth compared to generic claims like &#8220;environmentally sustainable.&#8221; This suggests that specific claims can be a way for brands to differentiate themselves.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15096\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/Share-of-retail-sales-from-products-with-ESG-related-claims-1714820870-700x700.png\" alt=\"Share Of Retail Sales From Products With Esg Related Claims 1714820870\" width=\"700\" height=\"700\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/Share-of-retail-sales-from-products-with-ESG-related-claims-1714820870-700x700.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/Share-of-retail-sales-from-products-with-ESG-related-claims-1714820870.png 1600w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><b>Combining claims might be beneficial: <\/b><span style=\"font-weight: 400\">Products with multiple ESG claims from different categories (e.g., animal welfare and sustainable packaging) tended to grow faster than those with single claims. This might signal greater authenticity to consumers.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15098\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-McKinsey-report-1714820938-700x361.png\" alt=\"Esg Mckinsey Report 1714820938\" width=\"700\" height=\"361\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-McKinsey-report-1714820938-700x361.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-McKinsey-report-1714820938.png 1568w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h3><b>ESG is good for brand loyalty:<\/b><\/h3>\n<p><span style=\"font-weight: 400\">Brands that generate a higher proportion of sales from ESG-labelled products enjoy higher repeat purchase rates, suggesting stronger customer loyalty.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15117\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/1-HR-in-ESG-1714991581-700x549.png\" alt=\"1 Hr In Esg 1714991581\" width=\"700\" height=\"549\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/1-HR-in-ESG-1714991581-700x549.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/1-HR-in-ESG-1714991581.png 1600w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15118\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/2-HR-in-ESG-1714991594-700x700.png\" alt=\"2 Hr In Esg 1714991594\" width=\"700\" height=\"700\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/2-HR-in-ESG-1714991594-700x700.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/2-HR-in-ESG-1714991594.png 1600w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><b>The Challenge:\u00a0 <\/b><span style=\"font-weight: 400\">Consumerism has fueled economic growth, but also raised environmental and social concerns.\u00a0 HR plays a part in ensuring companies address these issues ethically.<\/span><\/p>\n<p><b>The Opportunity: <\/b><span style=\"font-weight: 400\">\u00a0Companies can differentiate themselves and attract top talent by demonstrating Environmental, Social, and Governance (ESG) commitment.\u00a0 Honest product labels about these efforts can be a key tool.<\/span><\/p>\n<h2><span style=\"color: #008000\"><b>3. HR plays a key role in making <\/b><\/span><span style=\"color: #008000\"><a style=\"color: #008000\" href=\"https:\/\/fpt-is.com\/goc-nhin-so\/giai-ma-cac-thuat-ngu-esg-tu-a-z\/\"><b>ESG\u00a0<\/b><\/a><\/span><span style=\"color: #008000\"><b>a reality<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400\">Many HR professionals might not realize it, but they are already dealing with ESG issues as part of their everyday work. Even though ESG stands for environmental, social, and governance, HR practices actually touch on all these areas. We&#8217;ll explore how HR is involved with ESG in more detail in the next section.<\/span><\/p>\n<table style=\"height: 508px;width: 94.8926%;border-color: #154718\">\n<tbody>\n<tr style=\"height: 55px\">\n<td style=\"height: 55px;width: 13.8546%;text-align: center\"><b>Category<\/b><\/td>\n<td style=\"height: 55px;width: 142.112%\"><b>\u00a0 \u00a0 \u00a0Description<\/b><\/td>\n<\/tr>\n<tr style=\"height: 127px\">\n<td style=\"height: 127px;width: 13.8546%\">\n<p style=\"text-align: center\"><span style=\"font-size: 24pt;color: #008000\"><b>E<\/b><\/span><\/p>\n<\/td>\n<td style=\"height: 127px;width: 142.112%\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Manage carbon footprint &amp; climate sustainability training &amp; practices<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Implement climate adaptive practices<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Promote responsible operations &amp; resource management<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Design eco-friendly workplaces and spaces<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=\"height: 151px\">\n<td style=\"height: 151px;width: 13.8546%\">\n<p style=\"text-align: center\"><span style=\"font-size: 24pt;color: #008000\"><b>S<\/b><\/span><\/p>\n<\/td>\n<td style=\"height: 151px;width: 142.112%\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ensure fair access to work opportunities<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Promote employee wellbeing and work-life balance<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Champion diversity and inclusion initiatives<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Uphold human rights and labor standards<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Address social issues impacting communities.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr style=\"height: 175px\">\n<td style=\"height: 175px;width: 13.8546%\">\n<p style=\"text-align: center\"><span style=\"font-size: 24pt;color: #008000\"><b>G<\/b><\/span><\/p>\n<\/td>\n<td style=\"height: 175px;width: 142.112%\">\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Develop and enforce a strong code of conduct<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Promote ethical decision-making throughout the company<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Establish whistleblowing mechanisms for ethical concerns<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Ensure transparency in board and executive compensation<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Practice good board governance<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Maintain strong compliance reporting practices<\/span><span style=\"font-family: inherit;font-size: inherit\">.<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15101\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-agenda-1714821037-700x465.png\" alt=\"Esg Agenda 1714821037\" width=\"700\" height=\"465\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-agenda-1714821037-700x465.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-agenda-1714821037-406x271.png 406w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/ESG-agenda-1714821037.png 1024w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p style=\"text-align: center\"><em><span style=\"font-weight: 400\">How HR contributes to the ESG Agenda<\/span><\/em><\/p>\n<p>&nbsp;<\/p>\n<h2><span style=\"color: #008000\"><b>4. HR: Spearheading the Drive Towards ESG Guidance<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400\">For HR to become champions of ESG, they first need to build a strong knowledge base. This includes understanding the major frameworks and standards that guide ESG practices.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Here are some key resources to explore:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>UN Sustainable Development Goals (UNSDG):<\/b><span style=\"font-weight: 400\"> A global framework outlining 17 interconnected goals for sustainable development by 2030. (https:\/\/sdgs.un.org\/goals)<\/span><\/li>\n<li style=\"font-weight: 400\"><b>MSCI ESG Ratings:<\/b><span style=\"font-weight: 400\"> A set of indexes that consider environmental, social, and governance factors to influence investment decisions. (https:\/\/www.msci.com\/eqb\/pressreleases\/archive\/pr199811a.html)<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Global Reporting Initiative (GRI)<\/b><span style=\"font-weight: 400\">: Provides guidelines for transparent and standardized reporting on ESG matters. (https:\/\/www.globalreporting.org\/)<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Task Force on Climate-related Financial Disclosures (TCFD)<\/b><span style=\"font-weight: 400\">: A framework for companies to disclose climate-related risks in their operations. (https:\/\/www.fsb-tcfd.org\/)<\/span><\/li>\n<li style=\"font-weight: 400\"><b>International Labour Organization (ILO):<\/b><span style=\"font-weight: 400\"> Sets international labor standards and promotes decent work practices. (http:\/\/www.ilo.org\/)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">With a strong foundation of knowledge, HR can now move towards implementation. Here&#8217;s how HR can translate that knowledge into action:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Self-Assessment<\/b><span style=\"font-weight: 400\">: Analyze current HR practices through the lens of ESG frameworks like the GRI, TCFD decent work standards. This will identify strengths and areas for improvement. Data and people analytics can also be used to uncover potential biases and barriers to achieving diversity and fair treatment.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Collaboration is Key:<\/b><span style=\"font-weight: 400\">\u00a0 ESG is a team effort. Establishing a cross-functional committee is crucial. Representatives from Risk, Finance, HR, Facilities, Legal, and Sustainability would all bring valuable perspectives. This committee can recommend improvements to the executive team. As ESG practices evolve, a dedicated Sustainability Officer and team can be established.<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Clear Direction<\/b><span style=\"font-weight: 400\">:\u00a0 For many, ESG feels abstract.\u00a0 HR plays a vital role in developing a clear organizational stance on ESG. This includes defining priorities and outlining practical actions that contribute to a better future.\u00a0 Employees need to understand how ESG principles translate into everyday practices and how their daily contributions help achieve the organization&#8217;s ESG goals<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">The following chart from Gartner illustrates a non-exhaustive list of potential ESG topics, highlighting\u00a0<\/span><span style=\"font-weight: 400\">topics that fall within HR\u2019s remit.<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-medium wp-image-15104\" src=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/Gartner-ESG-chart-1714821191-700x277.png\" alt=\"Gartner Esg Chart 1714821191\" width=\"700\" height=\"277\" srcset=\"https:\/\/cdn.fpt-is.com\/en\/sites\/3\/Gartner-ESG-chart-1714821191-700x277.png 700w, https:\/\/cdn.fpt-is.com\/en\/sites\/3\/Gartner-ESG-chart-1714821191.png 1134w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p><span style=\"font-weight: 400\">Ph\u00f2ng Nh\u00e2n s\u1ef1 \u0111\u00f3ng m\u1ed9t vai tr\u00f2 quan tr\u1ecdng trong vi\u1ec7c th\u00fac \u0111\u1ea9y c\u00e1c s\u00e1ng ki\u1ebfn ESG c\u1ee7a c\u00f4ng ty. B\u1eb1ng c\u00e1ch hi\u1ec3u c\u00e1c nguy\u00ean t\u1eafc ESG v\u00e0 h\u1ee3p t\u00e1c gi\u1eefa c\u00e1c ph\u00f2ng ban, c\u00e1c chuy\u00ean gia Nh\u00e2n s\u1ef1 c\u00f3 th\u1ec3 tri\u1ec3n khai c\u00e1c ho\u1ea1t \u0111\u1ed9ng mang l\u1ea1i l\u1ee3i \u00edch cho m\u00f4i tr\u01b0\u1eddng, x\u00e3 h\u1ed9i v\u00e0 ch\u00ednh c\u00f4ng ty.<\/span><\/p>\n<p><span style=\"font-weight: 400\">HR plays a critical role in driving a company&#8217;s ESG initiatives.\u00a0 By understanding ESG principles and collaborating across departments, HR professionals can implement practices that\u00a0 benefit the environment, society, and the company itself.<\/span><\/p>\n<p><b>VertZero Carbon Accounting Software can help HR by:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Analyzing employee commutes to encourage carpooling, remote work, or public transport use.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Tracking office energy use to identify areas for improvement like turning off lights or using less paper.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Together, HR and VertZero can significantly reduce a company&#8217;s environmental impact which is a cornerstone for successful ESG practices in the workplace.<\/span><\/p>\n<table style=\"width: 100%;border-collapse: collapse\">\n<tbody>\n<tr>\n<td style=\"width: 1202.56px\"><strong>Exclusive article by FPT IS Technology Expert<\/strong><\/p>\n<p><strong>Pham Tuan<\/strong><\/p>\n<p>VertZero Product Manager, <span style=\"font-weight: 400\">FPT IS Company Limited.<\/span><\/p>\n<p>Published on vnhr.vn on 04 May 2024<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"author":1,"featured_media":15040,"parent":0,"template":"","nang_luc":[828,790,827],"danh_muc_goc_nhin_so":[789,788],"dich_vu":[854],"linh_vuc":[836],"platform":[],"san_pham":[],"the_goc_nhin_so":[],"class_list":["post-15039","goc_nhin_so","type-goc_nhin_so","status-publish","has-post-thumbnail","hentry","nang_luc-digital-transformation","nang_luc-experts-sharing","nang_luc-green-transformation","danh_muc_goc_nhin_so-expert-sharing","danh_muc_goc_nhin_so-green-transformation","dich_vu-carbon-accounting","linh_vuc-esg"],"acf":[],"_links":{"self":[{"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/goc_nhin_so\/15039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/goc_nhin_so"}],"about":[{"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/types\/goc_nhin_so"}],"author":[{"embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/media\/15040"}],"wp:attachment":[{"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/media?parent=15039"}],"wp:term":[{"taxonomy":"nang_luc","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/nang_luc?post=15039"},{"taxonomy":"danh_muc_goc_nhin_so","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/danh_muc_goc_nhin_so?post=15039"},{"taxonomy":"dich_vu","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/dich_vu?post=15039"},{"taxonomy":"linh_vuc","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/linh_vuc?post=15039"},{"taxonomy":"platform","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/platform?post=15039"},{"taxonomy":"san_pham","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/san_pham?post=15039"},{"taxonomy":"the_goc_nhin_so","embeddable":true,"href":"https:\/\/fpt-is.com\/en\/wp-json\/wp\/v2\/the_goc_nhin_so?post=15039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}