New Study Reveals 'Sustainable Generation' of Future Business Leaders
Poster: SySAdmin
Posted on December 7, 2011 at 7:28:01 AM
New Study Reveals 'Sustainable Generation' of Future Business Leaders
LONDON, December 7, 2011/PRNewswire/ --
Tomorrow's business leaders bring personal beliefs and experience to the
workplace
Businesses trying to be sustainable but must match words with actions
Future leaders confident in their ability to operate sustainably
As businesses continue to feel the pinch from tough economic conditions, the next
generation of business leaders says in a new study that sustainability must be a priority
for all businesses and sets out its plans for a more sustainable future.
Published yesterday, 'The Sustainable Generation: The Sky Future Leaders Study'
examines for the first time the attitudes and ambitions towards sustainability of 750
corporate graduate trainees, high potential middle-managers and MBA students. It uncovers
a group who readily describe themselves as the first 'sustainable generation' and who have
a clear vision for their own careers. But it also sends a warning that UK businesses
aren't matching their warm words with concrete actions.
The sustainable generation
Having grown up with issues like environmental protection and social responsibility as
a constant feature in their lives, tomorrow's business leaders are knowledgeable about
sustainability and confident in what they will do in the future to address it.
They also send a clear message to HR directors about the importance of sustainability
credentials to their own career plans. 34% of respondents see creating social and
environmental value as an overall career goal, just 1 percentage point behind earning
personal financial rewards.
Sustainability makes business sense
The sustainable generation is clear that there is a strong business case for
addressing social and environmental issues. 70% agree that sustainability can create new
opportunities for business, while 66% believe difficult economic conditions should not be
an excuse for businesses to ignore sustainability.
Business performance today
But sustainability is still not being fully integrated into the way the businesses
operate. While 78% of Future Leaders believe that UK businesses are making a genuine
effort to do so, just 3% believe they are fully succeeding.
The clear gap between words and actions is underlined by future leaders' responses to
businesses that claim to have a social purpose beyond creating profit to improve their
reputation. Just 27% of tomorrow's business leaders think companies make such claims
because they genuinely believe them to be true.
Ready and able to lead
The report raises questions as to the quality and quantity of sustainability training
provided by business schools and businesses. 35% of future leaders do not believe their
employers are providing adequate levels of training or education on sustainability.
A more sustainable future
The sustainable generation outlines a five-point plan to go further than their
predecessors in integrating sustainability when at the helm of the UK's businesses. It is:
- Increasing employee engagement to harness the workforce creativity
- Collaborating across industry to share best practice
- Taking more responsibility for supply chain sustainability credentials
- Integrating sustainability into values and decisions
- Using new technology to improve business performance on sustainability
Jeremy Darroch, Sky Chief Executive, launched the study and said:
"While sustainability has become part of everyday business language, little has been
known until now about the views of future leaders. This study shows that tomorrow's
business leaders are already engaged with sustainability and see it as an important part
of their future careers. In their own words, this is 'the sustainable generation' and
there is much we can all learn from them.
The report contains important lessons about the expectations that future leaders will
have of the companies where they choose to work. All businesses have a strong incentive to
provide better training, to tap into the ideas and creativity of their people and to
ensure their actions on sustainability live up to their words.
Much of today's report will resonate with businesses which have already recognised the
opportunity that sustainability can bring. For example, at Sky, we don't believe we have
to choose between acting responsibly and being a successful commercial business. Because
our future success is based on long-term relationships with customers, we're committed to
doing the right thing and making a positive contribution to life in the UK."
Click here
[http://corporate.sky.com/documents/pdf/publications/2011/sky_future_leaders_study ] to
download the report.
Key findings:
Tomorrow's business leaders identify themselves as the first 'sustainable generation'.
This is based on:
- the exposure they've had to sustainability, having grown up with issues
like environmental protection and social responsibility in their lives and in the
media;
- a personal belief that the environment and contributing to society are
important;
- 69% of participants saying their personal beliefs affect which companies they
trust and use themselves;
- 79% citing the vision and values of a company as an important factor when
looking at potential employers;
- and 34% saying that creating social and environmental value through business
is an important career goal.
As well as in their personal lives, they also believe that sustainability is important
to business:
- 70% of participants agree that sustainability can create new opportunities
for business;
- just 21% believe that sustainability has to come at the expense of profit;
- as well as new business opportunities, sustainability also offers the
potential to achieve cost savings;
- 67% of respondents agree that sustainability can help differentiate start-ups;
- 66% believe difficult economic conditions should not be an excuse for
businesses to ignore sustainability;
- and while international competitiveness, a failure to innovate and the need to
reduce the UK's deficit are identified as the most pressing challenges facing
businesses now and in the future, climate change is the fastest-growing threat.
The sustainable generation has mixed views on current UK business sustainability
performance:
- 78% of participants recognise that companies in the UK are making a real
effort to address sustainability;
- only 3% believe that companies are succeeding in fully integrating
sustainability;
- 32% believe that businesses communicate their sustainability policies and
initiatives well enough internally to employees;
- and 31% well enough externally to customers;
- just 15% credit businesses with doing enough on the environment and 13% to
support local communities;
- 62% cite an unwillingness or inability to pay for sustainable products and
services as a barrier to progress;
- 62% also say other business priorities being seen as more important is a
barrier;
- and 32% of middle managers, 30% of graduate trainees and 18% of MBA students
believe businesses that claim to have a social purpose beyond creating profit.
Members of the sustainable generation are keen to help move the sustainability agenda
forward:
- 96% of respondents plan on being involved with sustainability in their
careers;
- 72% credit their employer or business school with encouraging them to take
a long-term view;
- as well as commercial benefits, sustainability can help address external
pressures and help them as individuals to stand out in their careers;
- but just 35% feel they have received sufficient sustainability training from
their business school or employer;
- and 26% cite university reforms and access to higher education as a key threat
to UK business in 5-10 years time.
And they have a five-point plan on how they will address sustainability once they
reach senior executive positions themselves:
1) Improve employee engagement - create a culture that harnesses employees'
creativity and empowers them to drive sustainability initiatives forward;
2) Collaborate even with competitors - businesses should take collective
responsibility by sharing best practice and helping each other to act more
sustainably;
3) Take responsibility for the supply chain - understand the supply chain to
mitigate risk and help other companies improve;
4) Integrate sustainability into values and decisions - make sustainability part
of everything a business does by embedding it in its values;
5) Use new technology - be an early adopter but don't just rely on technology
alone.
Notes to Editors:
This report presents the results of research undertaken by Sky to determine the
attitudes and aspirations of the UK's next generation of business leaders towards
sustainability. The study is based on research undertaken by market research agency
Populus, who interviewed 751 graduate trainees, current and recently graduated MBA
students, and high potential middle managers earmarked for leadership positions.
Participants were recruited via social media networks and existing market research panels.
The Association of MBAs [http://www.mbaworld.com ], the international authority on
postgraduate business education, secured responses from MBA students studying both full
and part-time degrees.
Populus conducted in-depth telephone interviews with 20 participants, all of whom had
completed the initial online survey. In order to gain greater insight from all three
groups of participants, a workshop was held in London for 11 future leaders. The research
was conducted between September and November 2011.
About Sky :
Sky entertains and excites more than 10.3 million homes through the most comprehensive
multichannel, multi-platform television service in the UK and Ireland. Sky continues to
break new ground with its own portfolio of channels: Sky 1 combines its commitment to UK
production with the best of the US; Sky Living pushes ahead with fresh and innovative
entertainment formats; Sky Arts is the UK's only dedicated arts channel brand; Sky
Atlantic is the home to HBO and other iconic drama and comedy, Sky Sports is still raising
the bar in sports broadcasting; Sky News remains a pioneer in television news; and Sky
Movies is leading the way in High Definition and on-demand.
Sky also works with dozens of other broadcasters on the satellite platform, as well as
online and on mobile through the ground-breaking Sky Go service. Sky has also led the UK
into the age of high definition television, launched Europe's first 3DTV channel, Sky 3D,
and offers customer even more flexibility and choice through Sky Anytime+, its
internet-delivered video on demand service. Since launching Sky Broadband and Sky Talk in
2006, the company has also been the UK's fastest-growing home communications provider.
Sky believes in making a wider contribution to the communities in which it operates,
not least by increasing participation in, and access to, the arts, supporting grassroots
sports, and taking positive action on the environment.
Source: Sky
For further information: Alice Lam, Sky, +44(0)20-7032-2939 / +44(0)7881-615-635, alice.lam@bskyb.com ; Tim Carlton Jones, Bell Pottinger Business & Brand, +44(0)20-7861-2850, tcarltonjones@Bell-Pottinger.co.uk
LONDON, December 7, 2011/PRNewswire/ --
Tomorrow's business leaders bring personal beliefs and experience to the
workplace
Businesses trying to be sustainable but must match words with actions
Future leaders confident in their ability to operate sustainably
As businesses continue to feel the pinch from tough economic conditions, the next
generation of business leaders says in a new study that sustainability must be a priority
for all businesses and sets out its plans for a more sustainable future.
Published yesterday, 'The Sustainable Generation: The Sky Future Leaders Study'
examines for the first time the attitudes and ambitions towards sustainability of 750
corporate graduate trainees, high potential middle-managers and MBA students. It uncovers
a group who readily describe themselves as the first 'sustainable generation' and who have
a clear vision for their own careers. But it also sends a warning that UK businesses
aren't matching their warm words with concrete actions.
The sustainable generation
Having grown up with issues like environmental protection and social responsibility as
a constant feature in their lives, tomorrow's business leaders are knowledgeable about
sustainability and confident in what they will do in the future to address it.
They also send a clear message to HR directors about the importance of sustainability
credentials to their own career plans. 34% of respondents see creating social and
environmental value as an overall career goal, just 1 percentage point behind earning
personal financial rewards.
Sustainability makes business sense
The sustainable generation is clear that there is a strong business case for
addressing social and environmental issues. 70% agree that sustainability can create new
opportunities for business, while 66% believe difficult economic conditions should not be
an excuse for businesses to ignore sustainability.
Business performance today
But sustainability is still not being fully integrated into the way the businesses
operate. While 78% of Future Leaders believe that UK businesses are making a genuine
effort to do so, just 3% believe they are fully succeeding.
The clear gap between words and actions is underlined by future leaders' responses to
businesses that claim to have a social purpose beyond creating profit to improve their
reputation. Just 27% of tomorrow's business leaders think companies make such claims
because they genuinely believe them to be true.
Ready and able to lead
The report raises questions as to the quality and quantity of sustainability training
provided by business schools and businesses. 35% of future leaders do not believe their
employers are providing adequate levels of training or education on sustainability.
A more sustainable future
The sustainable generation outlines a five-point plan to go further than their
predecessors in integrating sustainability when at the helm of the UK's businesses. It is:
- Increasing employee engagement to harness the workforce creativity
- Collaborating across industry to share best practice
- Taking more responsibility for supply chain sustainability credentials
- Integrating sustainability into values and decisions
- Using new technology to improve business performance on sustainability
Jeremy Darroch, Sky Chief Executive, launched the study and said:
"While sustainability has become part of everyday business language, little has been
known until now about the views of future leaders. This study shows that tomorrow's
business leaders are already engaged with sustainability and see it as an important part
of their future careers. In their own words, this is 'the sustainable generation' and
there is much we can all learn from them.
The report contains important lessons about the expectations that future leaders will
have of the companies where they choose to work. All businesses have a strong incentive to
provide better training, to tap into the ideas and creativity of their people and to
ensure their actions on sustainability live up to their words.
Much of today's report will resonate with businesses which have already recognised the
opportunity that sustainability can bring. For example, at Sky, we don't believe we have
to choose between acting responsibly and being a successful commercial business. Because
our future success is based on long-term relationships with customers, we're committed to
doing the right thing and making a positive contribution to life in the UK."
Click here
[http://corporate.sky.com/documents/pdf/publications/2011/sky_future_leaders_study ] to
download the report.
Key findings:
Tomorrow's business leaders identify themselves as the first 'sustainable generation'.
This is based on:
- the exposure they've had to sustainability, having grown up with issues
like environmental protection and social responsibility in their lives and in the
media;
- a personal belief that the environment and contributing to society are
important;
- 69% of participants saying their personal beliefs affect which companies they
trust and use themselves;
- 79% citing the vision and values of a company as an important factor when
looking at potential employers;
- and 34% saying that creating social and environmental value through business
is an important career goal.
As well as in their personal lives, they also believe that sustainability is important
to business:
- 70% of participants agree that sustainability can create new opportunities
for business;
- just 21% believe that sustainability has to come at the expense of profit;
- as well as new business opportunities, sustainability also offers the
potential to achieve cost savings;
- 67% of respondents agree that sustainability can help differentiate start-ups;
- 66% believe difficult economic conditions should not be an excuse for
businesses to ignore sustainability;
- and while international competitiveness, a failure to innovate and the need to
reduce the UK's deficit are identified as the most pressing challenges facing
businesses now and in the future, climate change is the fastest-growing threat.
The sustainable generation has mixed views on current UK business sustainability
performance:
- 78% of participants recognise that companies in the UK are making a real
effort to address sustainability;
- only 3% believe that companies are succeeding in fully integrating
sustainability;
- 32% believe that businesses communicate their sustainability policies and
initiatives well enough internally to employees;
- and 31% well enough externally to customers;
- just 15% credit businesses with doing enough on the environment and 13% to
support local communities;
- 62% cite an unwillingness or inability to pay for sustainable products and
services as a barrier to progress;
- 62% also say other business priorities being seen as more important is a
barrier;
- and 32% of middle managers, 30% of graduate trainees and 18% of MBA students
believe businesses that claim to have a social purpose beyond creating profit.
Members of the sustainable generation are keen to help move the sustainability agenda
forward:
- 96% of respondents plan on being involved with sustainability in their
careers;
- 72% credit their employer or business school with encouraging them to take
a long-term view;
- as well as commercial benefits, sustainability can help address external
pressures and help them as individuals to stand out in their careers;
- but just 35% feel they have received sufficient sustainability training from
their business school or employer;
- and 26% cite university reforms and access to higher education as a key threat
to UK business in 5-10 years time.
And they have a five-point plan on how they will address sustainability once they
reach senior executive positions themselves:
1) Improve employee engagement - create a culture that harnesses employees'
creativity and empowers them to drive sustainability initiatives forward;
2) Collaborate even with competitors - businesses should take collective
responsibility by sharing best practice and helping each other to act more
sustainably;
3) Take responsibility for the supply chain - understand the supply chain to
mitigate risk and help other companies improve;
4) Integrate sustainability into values and decisions - make sustainability part
of everything a business does by embedding it in its values;
5) Use new technology - be an early adopter but don't just rely on technology
alone.
Notes to Editors:
This report presents the results of research undertaken by Sky to determine the
attitudes and aspirations of the UK's next generation of business leaders towards
sustainability. The study is based on research undertaken by market research agency
Populus, who interviewed 751 graduate trainees, current and recently graduated MBA
students, and high potential middle managers earmarked for leadership positions.
Participants were recruited via social media networks and existing market research panels.
The Association of MBAs [http://www.mbaworld.com ], the international authority on
postgraduate business education, secured responses from MBA students studying both full
and part-time degrees.
Populus conducted in-depth telephone interviews with 20 participants, all of whom had
completed the initial online survey. In order to gain greater insight from all three
groups of participants, a workshop was held in London for 11 future leaders. The research
was conducted between September and November 2011.
About Sky :
Sky entertains and excites more than 10.3 million homes through the most comprehensive
multichannel, multi-platform television service in the UK and Ireland. Sky continues to
break new ground with its own portfolio of channels: Sky 1 combines its commitment to UK
production with the best of the US; Sky Living pushes ahead with fresh and innovative
entertainment formats; Sky Arts is the UK's only dedicated arts channel brand; Sky
Atlantic is the home to HBO and other iconic drama and comedy, Sky Sports is still raising
the bar in sports broadcasting; Sky News remains a pioneer in television news; and Sky
Movies is leading the way in High Definition and on-demand.
Sky also works with dozens of other broadcasters on the satellite platform, as well as
online and on mobile through the ground-breaking Sky Go service. Sky has also led the UK
into the age of high definition television, launched Europe's first 3DTV channel, Sky 3D,
and offers customer even more flexibility and choice through Sky Anytime+, its
internet-delivered video on demand service. Since launching Sky Broadband and Sky Talk in
2006, the company has also been the UK's fastest-growing home communications provider.
Sky believes in making a wider contribution to the communities in which it operates,
not least by increasing participation in, and access to, the arts, supporting grassroots
sports, and taking positive action on the environment.
Source: Sky
For further information: Alice Lam, Sky, +44(0)20-7032-2939 / +44(0)7881-615-635, alice.lam@bskyb.com ; Tim Carlton Jones, Bell Pottinger Business & Brand, +44(0)20-7861-2850, tcarltonjones@Bell-Pottinger.co.uk