New report published by IEMA finds that only 13% of companies are fully confident that they have the skills to successfully compete in a sustainable economy
The global economy is heading towards a perfect storm of pressure on all fronts, according to a new report on the environment & sustainability skills deficit published by IEMA.
By 2020 the world economy could be facing a supply deficit driven by global mega-trends, including; population growth, increasing demand for natural resources, soaring costs of energy - together with the impacts of climate change and ecosystem degradation. All are combining to pose significant challenges to the long-term success of business and the global economy.
The transition to a sustainable economy presents significant opportunities that business needs to grasp - and yet, according to an IEMA survey of over 900 organisations, only 13% of companies are fully confident that they have the skills to successfully compete in the sustainable economy. With the evidence building that a sustainable economy can deliver significant opportunities for business – recent IEMA research has shown that businesses both small and large can save money through more efficient use of resources from £5,000 to over £1m per year.
“In the new business world, environment and sustainability can no longer be a bolt on, it needs to be part of businesses’ DNA. IEMA is launching its campaign “Preparing for the Perfect Storm – Skills for a Sustainable Economy” to shine a light on this issue and catalyse action to address the skills deficit. Businesses need to urgently turn what is a growing and prevailing list of challenges into opportunities. The most effective way of grasping this opportunity is by ensuring that all businesses have access to a new set of skills – environment and sustainability – to ensure that UK plc and businesses globally can transition and survive in this new economy,” said Tim Balcon, CEO of IEMA this morning.
IEMA Skills Research – key findings
IEMA’s research shows that many lack the basic skills to capitalise on the opportunities that a sustainable economy can offer and to guarantee their survival:
- Skills to compete - Only 13% of companies are fully confident that they have the skills to successfully compete in a sustainable economy.
- Leadership gap - Only 25% of leaders, and 20% of senior managers, are fully capable of addressing the sustainability agenda.
- Funding gap - In 72% of organisations, investment in environment and sustainability skills is less than for other disciplines with 63% of organisations spending less than £100 per head on environment and sustainability training each year.
- Strategic challenge - 65% haven’t carried out a strategic evaluation of skills needed to successfully compete in a sustainable economy.
- Recruitment gap - Over half (53%) of organisations are unable to recruit environment and sustainability professionals with the right skills.
IEMA’s Campaign Partners
There are businesses out there that are recognising the challenges and grasping them. IEMA’s campaign has brought together a growing number of businesses, organisations and individuals to raise awareness of this issue including BAE Systems, Rolls-Royce, EDF Energy, EY and Saint-Gobain to collaborate and catalyse action on this issue.
“Environmental and sustainability skills are fundamental to ensuring that the global economy, and every business in the world, can survive. Governments, businesses, industries and professions worldwide need to work together to set in place a new skills framework that will equip organisations to survive and thrive in the face of these inescapable challenges,” said Tim Balcon.
IEMA’s Skills Framework
IEMA’s skills framework includes the following key actions:
- Skills for leaders to integrate sustainability into long-term decision making
- Enhance skills and capability for environment and sustainability professionals so they can integrate sustainability throughout their organisations and value chains, building in foresight and horizon scanning and creating the business case
- Increased environment and sustainability knowledge and understanding for all workers
- Environment and sustainability must be integrated into the national curriculum, ensuring that young people entering work are able to play their part at the start of their careers.
- Skills gaps at all levels need to be filled, from apprenticeships to those in leadership and managerial roles
Investing in these new skills will enable businesses and economies to prepare for the perfect storm and turn these challenges into opportunities to survive and prosper.
All IEMA Members who receive the environmentalist have been sent a hard-copy of the Preparing for the Perfect Storm report – which features full details of our research as well as case studies of IEMA Members using their skills to make a difference.
Posted on 15th October 2014
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