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Influence of Companies’ Environmental, Social, and Corporate Governance (ESG) Practices on Employee Intention to Stay
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Orientador(es)
Resumo(s)
In the context of contemporary business, Environmental, Social, and Corporate
Governance (ESG) considerations are increasingly recognized for their role in promoting
sustainable practices and their impact on employee well-being, attitudes, and behaviours.
Assessing the influence of a company's ESG practices on employee retention is vital for
fostering commitment and a positive work environment, highlighting the importance of
businesses being mindful of their ESG effects on employees. Despite existing research
on ESG scores and reporting, there is a need for further exploration into how these
practices directly affect employees and their intention to stay with their employers. This
study aims to fill this gap by developing a theoretical model to explain the relationship
between ESG practices and employee retention. The study seeks to answer the following
questions: Do employees value ESG practices carried out by their employers? Which
ESG practices/factors influence employees’ intention to stay the most? How does
greenwashing influence employees’ intention to stay? A quantitative methodological
approach was utilized in this study, specifically employing a Structural Equation
Modelling/Partial Least Squares (SEM/PLS) model to test the proposed relationships.
The study involved collecting data from employees across various companies to ensure a
comprehensive understanding of how different ESG practices are perceived. The results
revealed that employees value different ESG practices in varying ways. Social practices
were found to boost job satisfaction, while greenwashing negatively impacted it.
Furthermore, environmental and governance practices did not directly affect job
satisfaction or retention. The study also found that job satisfaction mediates the impact of
social practices and greenwashing on retention, emphasizing the need for genuine
practices and age-specific retention strategies. Age was also found to be positively
correlated with intention to stay, with older employees more likely to remain with their
employers. Overall, the findings suggest that companies should focus on implementing
authentic social practices to enhance employee satisfaction and retention. Moreover,
avoiding greenwashing is crucial to maintaining trust and commitment among employees.
This research provides valuable insights for businesses aiming to improve their ESG
strategies and foster a more committed and satisfied workforce.
Descrição
Dissertation presented as the partial requirement for obtaining a Master's degree in Information Management, specialization in Information Systems and Technologies Management
Palavras-chave
ESG Environmental, Social, and Corporate Governance Greenwashing Job Satisfaction Employee Intention to Stay SDG 8 - Decent work and economic growth SDG 9 - Industry, innovation and infrastructure