Written by Emily Chasan
Investors have long used environmental, social and governance investing as a technique for finding high quality corporate managers, but companies have yet to do the same when looking at their own staff. As companies grapple with challenges from the coronavirus to climate change inequality, finding future leaders capable of managing and reorienting their business is going to be more crucial, said Clarke Murphy, CEO at recruiting firm Russell Reynolds Associates.
Sustainable leaders aren’t just people with an innate desire to do good, but often ones who “woke up” to ESG issues over the course of their career, Murphy said. They also saw the economic benefit of focusing on solving those problems.
“There is a mindset, and then there is a skillset,” he said. His recruiting firm worked with the United Nations Global Compact to come up with the top traits of leaders at companies that are performing well on sustainability metrics (such as Unilever and Hilton Hotels).
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