How Cohort-based Learning Impacts Culture, Leaders and Creativity
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In 2020, the work-world as we know it changed, from physical-office, face-to-face collaboration to a pandemic-induced virtual workforce where Zoom ruled. Where working from home was once an occasional privilege for many, now remote work is the norm for millions of workers.
According to U.S. Bureau of Labor Statistics survey results, “telework accounted for about 50% of paid work hours between April and December 2020, compared with 5% before the pandemic.” And, “At the beginning of the pandemic, the extent of job loss was much lower for workers who were able to telework.”
When we examine this shift to remote work, there are obvious benefits to using less physical energy, space, and time to get work done. But the question becomes: how do these changes to remote and hybrid work impact corporate sustainability initiatives?
Prior to delving into the effects on corporate sustainability initiatives, it’s worth noting that remote and hybrid working models have their advantages — and challenges — from a business perspective.
Advantages to remote work are significant and include:
Remote and hybrid work models allow employees to design their workdays, enhancing overall job satisfaction. In fact, according to a Pew Research survey, as of March 2023, “about a third (35%) of workers with jobs that can be done remotely are working from home all of the time.”
Reduced office space and utilities mean significantly less spending for organizations, (which can be redirected towards sustainability initiatives). According to Global Workplace Analytics, nearly 60% of employers identify cost savings as a significant benefit to telecommuting. Examples include IBM, which slashed real estate costs by $50 million, Sun Microsystems, which saves $68 million a year in real estate costs, and Nortel, which estimates it saves $100,000 per employee the company doesn’t have to relocate.
By hiring employees from different geographical locations, companies not only tap into a wider talent pool, but can promote diversity and inclusion. According to LinkedIn data, a “skills-first” approach to hiring creates more opportunities for both companies and individuals.
On the other hand, the challenges of remote work cannot be ignored. They include:
With all we know about the benefits and drawbacks of remote work, it’s crucial to consider how these factors can influence sustainability initiatives and a company’s ESG (Environmental, Social, Governance) standing.
When it comes to social impact, remote work can reduce commuting stress and allow for a better work-life balance. Not to mention, remote and hybrid work models can promote diversity by breaking down geographical barriers (as long as organizations foster inclusion through virtual networking and equitable access to resources.)
As Global Analytics Workplace states: “Hiring sight unseen, as some all-virtual employers do, greatly reduces the potential for discrimination,” and “Ensures that people are judged by what they do versus what they look like.”
Remote work’s contribution to environmental sustainability is even more immediate: reduced commuting — one of the biggest environmental benefits — leads to fewer cars, lower carbon emissions, and a cleaner environment. As evidence, IMF’s blog reports that “Emissions of carbon dioxide and other greenhouse gases plunged 4.6% in 2020, as lockdowns in the first half of the year restricted global mobility and hampered economic activity.”
Office energy consumption is another significant factor. With fewer employees taking up electricity and desk space in offices, commercial energy consumption is reduced. According to a Loughborough University, School of Architecture, Building and Civil Engineering study, “Despite the expected rise in residential energy consumption, research shows that the overall impact of remote working on the global CO2 emissions would be an annual decline of 24 million tons.” By adopting energy-efficient technologies in the office spaces they do have, organizations can directly up their sustainability game.
Remote and hybrid work is not only here to stay, overall, it’s a net win for sustainability. But keeping a workforce is compliant from a distance is no easy task.
Key elements to consider:
When it comes to hybrid employees, organizations should ensure equal access to resources, opportunities, and recognition as in-office employees receive. Not to mention, putting in place policies that support flexible work hours and locations, all in the name of healthy work-life balance.
Comprehensive and well-designed training programs play a critical role in ensuring that remote and hybrid employees remain compliant and aligned with sustainability goals. These training initiatives cover a range of important topics, including data security to safeguard valuable information, sustainability education to foster environmentally responsible practices, and inclusion and diversity training to promote a culture of fairness and equality in the workplace. By addressing these key areas, organizations can empower their employees to contribute to the overall success and sustainability of the company.
In conclusion, the shift to remote and hybrid work models has left an indelible mark — and that’s a good thing. Remote work and ESG goals can intertwine beautifully, creating new opportunities to meet corporate sustainability goals.
By prioritizing employee wellbeing, fostering diversity and inclusion, and embracing environmentally-friendly practices, organizations can elevate their ESG standing while benefiting, particularly from the significant cost savings.
While effective training and compliance measures are essential for creating new sustainability opportunities, the overall result can be a win-win. Not only for the company but for employees and the planet.
Wondering how to implement effective corporate sustainability training into your organization?