Wellbeing at Work
Workplace Wellbeing Practices For Progressive Organisations
Created on 2022-11-30 13:53
Published on 2022-11-30 14:01
Inclusion of Employee Emotional Health is critical for ESG Reporting of Companies
For years, mental health in the workplace has been an underreported and unspoken topic. It’s time for that to change.
Recent studies have shown that employees who feel supported by their employer are more likely to be engaged and productive at work. Not only is it the right thing to do for your employees, but it’s also good for business. A company that prioritizes employee emotional health will see improved ESG reporting. In fact, mental health is one of the key indicators of a company’s social responsibility. In this blog post, we will explore why mental health is critical for ESG reporting of companies. We will also provide some tips on how companies can improve their mental health policies and support employees struggling with mental health issues.
Employee Emotional Wellbeing in ESG Reporting
When it comes to measuring and reporting on a company’s environmental, social, and governance (ESG) performance, employee emotional wellbeing is often overlooked. Yet, ignoring the mental health of employees can have long-term setbacks for companies.
There are a number of reasons why employee emotional wellbeing should be considered in ESG reporting. First, happy and engaged employees are more productive employees. Second, companies with strong mental health programs have lower healthcare costs. Finally, addressing mental health in the workplace can help reduce stress and absenteeism.
One concrete way is to include employee training on emotional health at workplace as an integral part of their onboarding. This can be done at various level including specialised training for managers and leaders as emotional wellbeing allies and champions. Reporting on managers and employees training on emotional wellbeing can help create awareness and destigmatize conversations around mental health.
Employee Emotional Wellbeing is critical component of long term sustainability
When it comes to ESG reporting, employee emotional wellbeing is a critical component of long term sustainability. Companies that neglect the mental health of their employees do so at their own peril, as poor mental health can lead to a host of problems and a negative impact on corporate culture.
That’s why more and more companies are taking steps to promote employee emotional wellbeing, with some even going so far as to appoint Chief Wellbeing Officers. While there’s no one-size-fits-all solution, there are some commonalities among successful programs.
Typically, they focus on three key areas:
Prevention: Promoting healthy coping mechanisms and helping employees identify early warning signs of stress or burnout.
Intervention: Providing support for employees who are struggling with mental health issues. This can include everything from counseling and therapy to peer support groups.
Postvention: Taking proactive steps to address the root causes of mental health problems in the workplace. This might involve organizational changes like increasing transparency around job expectations or providing more opportunities for flexible work arrangements.
How does mental health tie into ESG reporting?
Mental health is critical for ESG reporting of companies because it can have a material impact on a company’s ability to create value and manage risk. For example, mental health problems can lead to absenteeism, presenteeism, staff turnover, and lower productivity. Additionally, mental health issues can also lead to an increase in workplace accidents and errors.
ESG reporting should therefore take into account a company’s policies and practices around mental health. Companies should disclose how they are addressing mental health within their organizations, as well as any impacts that employee emotional wellbeing has had on their business operations.
While there is no easy fix when it comes to addressing mental health in the workplace, companies should start by taking a closer look at their ESG reporting to see where they can improve. By considering employee emotional wellbeing in their ESG reporting, companies can take steps towards creating a healthier and more productive workforce.