VFS Global announced that the performances of senior management for 2022 will be linked to sustainability targets set for that period.
This comes as a defining move as 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 are 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.
“We want to ensure that our ESG commitments are supported by measurable actions which are consistently reviewed and improved upon. 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,” said Zubin Karkaria, Founder and Chief Executive Officer VFS Global.
