VFS Global, a global outsourcing and technology services specialist for governments and diplomatic missions worldwide, said that the performances of senior management for 2022 will be linked to sustainability targets set for that period. This comes as a part of the organisation’s long-term sustainability strategy with a focus on Environment, Social and Governance (ESG) key performance indicators (KPIs) rolled out in 2021.
According to the strategy, the company has identified five pillars – Contributing to Sustainable Economic Growth, Delivering Good Governance, Nurturing our Colleagues, Protecting our Environment and Supporting our Communities. Each of these pillars is carefully selected and aligned to the organisation’s business strategy, the United Nations (UN) Sustainable Development Goals, as well as national priorities. They also include a considerable focus on Diversity, Equity and Inclusion, Employee Empowerment and Reduction of GHG Emissions, which are a part of the Management by Objective (MBOs) for the company’s senior executives.
- Diversity, Equity and Inclusion– The company already has healthy women to men ratio of 58:42 across its employee base and is working on exceeding 28% representation of women in leadership in the next years.
- Employee Engagement– Striving for an overall employee engagement score of at least 67% – against an industry average of 58%* – will be a key driver of its people management strategy.
- Reduction of GHG Emissions– One of the key metrics identified is to achieve a reduction in CO2 emissions per employee through the transition of 52% of the electricity consumption to renewable energy.
Zubin Karkaria, Founder and Chief Executive Officer VFS Global said, “By including sustainability targets in Executive MBOs, we want our leaders to lead the change in mindsets. It aligns with our overarching goal of being a responsible global leader contributing to sustainable value creation for all our stakeholders.”