The growing emphasis on Environmental, Social, and Governance (ESG) principles is proving to be a crucial factor in attracting the next generation of skilled professionals. Companies recognize sustainability as a driver of long-term success.
According to Imad Dakik, Partner and Head of ESG Advisory at KPMG in Qatar, ESG is set to play a central role in shaping sustainable growth strategies for businesses. His insights, shared in the 2024 Qatar CEO Outlook, highlight the commitment of corporate leaders to integrating ESG values into their operations.
A recent survey of Qatari CEOs revealed that 52 percent expect tangible returns on ESG investments within three to five years. Meanwhile, 36 percent foresee benefits emerging in five to seven years. A smaller segment, 12 percent, anticipates results within one to three years. This reflects confidence in swift gains for some firms.
Beyond financial performance, ESG initiatives are increasingly seen as a tool for talent acquisition. Over the next three years, 36 percent of business leaders expect ESG efforts to be a primary factor in attracting top professionals. Inclusion, diversity, and equity (IDE) are also taking precedence. Additionally, 76 percent of CEOs predict increased scrutiny on diversity performance.
While 80 percent of corporate executives acknowledge the importance of gender equity and senior-level diversity for business growth, only 28 percent express satisfaction with current progress. Furthermore, 76 percent recognize their role in advancing social mobility by aligning business objectives with societal priorities. However, 40 percent express concerns regarding the use of mandatory quotas to drive sustainable diversity.
To address these challenges, companies are enhancing ESG disclosures and embedding sustainability into their corporate strategies. Workforce transformation remains a priority, with an emphasis on upskilling and leadership development to attract and retain high-caliber professionals.
As ESG continues to evolve into a business imperative, organizations are aligning their long-term vision with responsible corporate practices. This positions them to appeal to both investors and top-tier talent
