UniCredit Bulbank’s ESG Learning Journey
Certified Top Employer UniCredit Bulbank is the leading bank in Bulgaria and a member of UniCredit, a successful pan-European commercial bank operating in Italy, Germany, Central and Eastern Europe. It has a unique service offering and its purpose is to empower communities to progress, delivering best-in-class for all stakeholder, unlocking the potential of clients and people.
UniCredit puts integrity, ownership and caring at the heart of its decision-making in everything it does, and digitalisation and a commitment to ESG (Environmental, Social, Governance) principles are key enablers for delivering this. Their commitment to their ESG values and the ambitious energy goals that have been set in the EU for 2030 and 2050 is what started their award winning ESG Learning Journey in 2021.
For UniCredit Bulbank, ESG is not the responsibility of one department, team or individual, but everyone’s duty.
Download the Case Study to learn how:
- UniCredit Bulbank Bulgaria used a pyramid approach to restructure their ESG principles.
- They created an integrated group and local learning offer for ESG that had targeted initiatives for different groups of employees across the organisation that addressed specific needs and accountabilities for them.
- UniCredit Bulbank Bulgaria created ESGpresso, an ESG education platform, for colleagues to have easy access to information about their policies.
Download the case study now, click on the button and get the complete Case study for free.
HR Practices to Elevate Your Workforce: Insights from Asia-Pacific’s Top Employers 2024
This year, we’ve certified 369 organisations in Asia-Pacific as Top Employers, and we have curated a selection of best practices from these esteemed organisations to inspire you. In this comprehensive resource, you’ll find insights and exemplary practices that have not only raised the global standard of HR excellence but also set the benchmark for others to follow.
Download the ebook now to uncover invaluable insights. Here are some highlights you’ll find inside:
- Learning and Development – Discover how AstraZeneca fosters a culture of lifelong learning to support its 2030 Bold Ambition. Learn how their 3Es Learning Framework (Experience, Exposure, and Education) empowers employees to embrace a ‘learning mindset,’ focusing on real-time application and long-term development through coaching and feedforward. Explore how initiatives like Degreed, P100, LEAP 50, and the Accelerate program enhance skills, broaden perspectives, and accelerate leadership development. Discover how AstraZeneca’s commitment to everyday development experiences drives innovation and delivers life-changing medicines to patients, reflected in high engagement scores and strong business performance.
- Onboarding – Discover how NN Life Insurance Japan has transformed its onboarding process by integrating digital tools with personal communication. Learn how new hires benefit from instant access to essential information and e-learning resources, coupled with personal interactions such as welcome sessions with senior management. Explore how these efforts enhance talent retention and engagement by fostering strong connections within the organization.
- Performance – Discover how Lyreco Thailand’s Performance Development Review (PDR) promotes ongoing learning and development. Learn how this holistic procedure integrates self-assessments, open communication, constructive feedback, and personalized development plans to align individual goals with company objectives. Explore how Lyreco’s PDR process, implemented through the Workday platform, has enhanced employee growth, reduced turnover, and increased engagement and satisfaction.
- Sustainability – Discover how CHEP Australia fosters a culture of sustainability throughout the employee lifecycle. Learn how their sustainable practices are embedded from recruitment to onboarding and beyond, promoting a nature-positive economy through their pooling model. Explore initiatives like their annual Sustainability Week and Helping Hands program, which support employee engagement and community involvement, contributing to their ambitious sustainability goals.
- Leadership – Discover how Servier Philippines anchors its leadership on the company value of CARE, fostering a highly inclusive and psychologically safe working environment. Learn how their transformation journey prioritizes acting on feedback, with initiatives like “You spoke, we listened” promoting open communication and continuous improvement. Explore how their psych safety training programs and workshops have built trust and collaboration, leading to high engagement and recognition as a Top Employer.
- Talent Acquisition – Discover how GSK Indonesia’s Talent Pipeline strategy shifts from reactive to proactive recruiting, building relationships with passive external talent for future opportunities. Learn how this approach has streamlined the hiring process, reduced costs, and improved the quality of hires. Explore the steps of identifying, assessing, and engaging potential candidates, ensuring a ready pool of talent for critical roles.
- Career Development – Discover how DLMI Malaysia supports employee career development through initiatives like Personal Development Plans, continuous dialogue, and career coaching programs. Learn how their internal digital career marketplace facilitates mobility and advancement, enhancing employee engagement and satisfaction. Explore how their annual Talent Reviews and Succession Planning process ensure the development of talents for critical leadership roles.
- Offboarding – Discover how GEP India’s Alumni Network on LinkedIn keeps ex-employees connected to the organization. Learn how this professional network facilitates brand advocacy, rehiring of boomerang employees, and networking opportunities. Explore how GEP maintains relationships with former employees through engaging content and periodic alumni events.
Meet the New Top Employers
Earlier this year, Top Employers Institute proudly announced that over 2 300 Top Employers had received the Top Employers Certification in 2024. Those Top Employers were recognised across 121 countries and regions.
In June, we are excited to share that 58 new Regional Top Employers and one European Top Employer joined our global community of organisations committed to excellence in people practices. This recognition underscores these organisations’ commitment to fostering outstanding HR strategies and people practices globally.
As the global authority in recognising excellence in people practices, the Top Employers Institute Certification Programme is an extensive process involving an independently audited and fact-based HR Best Practices Survey and validation to ensure truthful answers. The survey covers six domains and 20 subtopics:
In 2023 and 2024, organisations and leaders had much to consider, with many things in flux. David Plink, CEO of Top Employers Institute, observed: “In a world where geopolitical, societal, and macro-economic developments follow each other in rapid succession, the Top Employers 2024 are showing once again that they are a beacon of stability and reliability. Top Employers have shown that despite turbulent times, their focus remains on creating the best workplace possible for their people to thrive.”
When asked what makes a Top Employer, David Plink shared: “In my 16 years with the company, there are two characteristics that I have observed consistently within the members of the Top Employers community. First, certified Top Employers go above and beyond for their people. They are the embodiment of people focus. Secondly, not a single Top Employer got certified without always striving for more. To learn, to become better and to stay curious at all times. People-focused and a growth mindset. It sounds so simple in summary, but it takes a lot to consistently live up to these principles.”
See the full list of the newly Certified Top Employers, below:
Australia
Azerbaijan
- The International Bank of Azerbaijan OJSC
Brazil
China
Colombia
Czech Republic
Denmark
Egypt
France
Germany
- Atlas Dienstleistung für Vermögensberatung GmbH
- Bayerische Beamten Lebensversicherung a.G.
Greece
- Athenian Brewery SA (Heineken)
Hungary
Italy
South Korea
Mexico
The Netherlands
Nigeria
Portugal
Saudi Arabia
Serbia
Sierra Leone
Slovakia
South Africa
- Mondi South Africa (Pty) Ltd
- Shoprite Checkers PTY LTD
Spain
Switzerland
Turkey
United Kingdom
United States
See the full list of Certified Top Employers
3 Trends Changing the Diversity Equity and Inclusion Landscape
In today’s rapidly evolving business landscape, Diversity, Equity, and Inclusion (DEI) principles are more critical than ever. In our World of Work Trend 2024, we discovered a significant shift in the prioritisation of DEI for Top Employers. Despite the challenges of 2023, there was an 18 percentage point increase in the prioritisation of DEI. This means that two in five Top Employers were continuing to prioritise DEI, a trend that underscores the growing importance of DEI in the business landscape.
As HR teams and leaders, you hold a significant role in fostering an environment that embraces these values. Understanding DEI and its benefits can transform your organisation, driving innovation, employee satisfaction, and overall success. Your actions are key to making a difference.
What is DEI?
- Diversity refers to the variety of differences among people in an organisation. These differences include race, ethnicity, gender, age, sexual orientation, disability, and education. Diversity is about recognising, respecting, and valuing the unique attributes that each individual brings to the table.
- Equity is the principle of fairness in processes and outcomes. While equality implies treating everyone equally, equity involves recognising that people have different needs, experiences, and opportunities and adjusting policies and practices accordingly. It ensures that everyone has access to the same opportunities and is not disadvantaged due to systemic barriers.
- Inclusion creates an environment where all individuals feel welcomed, respected, supported, and valued. It goes beyond simply having diverse representation to ensuring that diverse individuals are actively included in all aspects of organisational life and decision-making.
Put in simpler terms, DEI is a set of closely held values by organisations that aim to support and include different groups of individuals, including people of different races, ethnicities, disabilities, gender identification and more. It’s about creating a workplace where everyone feels valued and included.
Benefits of DEI
- Enhanced Innovation and Creativity: A diverse workforce combines many perspectives, experiences, and problem-solving approaches. This diversity of thought fosters creativity and innovation. Studies have shown that diverse teams are likelier to introduce new ideas and solutions than homogenous teams. By embracing DEI, organisations can unlock the full creative potential of their employees.
- Improved Employee Performance and Engagement: When employees feel valued and included, their job satisfaction and engagement levels rise. Inclusive workplaces are characterised by higher morale and a sense of belonging, which translate into increased productivity and performance. Employees who believe their organisation is committed to DEI are more likely to be motivated, loyal, and willing to go the extra mile.
- Greater Talent Attraction and Retention: In an increasingly competitive job market, organisations prioritising DEI have a significant advantage in attracting top talent. Job seekers today, particularly younger generations, place a high value on diversity and inclusion. A commitment to DEI signals that an organisation is forward-thinking and socially responsible, making it an attractive workplace. Additionally, inclusive workplaces tend to have lower turnover rates, saving costs for recruiting and training new employees.
- Better Decision Making: Diverse teams bring diverse perspectives and experiences, leading to more well-rounded and informed decision-making. When considering various viewpoints, organisations can identify potential pitfalls and opportunities that may have been overlooked.
- Increased Employee Innovation: An inclusive environment encourages employees to share their ideas and take risks without fear of being marginalised or dismissed. This culture of open communication and respect can lead to a higher rate of innovation and continuous improvement within the organisation.
Trends in DEI
The consideration of diversity will become intersectional and will expand far beyond single demographic segmentations
DEI initially focused on a handful of single demographic segments, such as interventions related to gender or race. While these groupings will remain focus areas, 2024 will see a shift towards a more nuanced approach to DEI. The aspects of employee identities acknowledged and welcomed in the workplace will expand.
Top employers increased their offerings and policies to better support employee needs related to disability, parents and carers, social class, educational background, LGBTQ+, and ageing in 2023. Neurodiversity was measured for the first time in our HR Best Practices Survey. While only 22% currently have specific practices or policies regarding Neurodiversity, 72% expect the importance of Neurodiversity in people’s practices to increase by 2026.
Analytics and metrics will increase in sophistication
One reason why many organisations have focused on race and gender in DEI initiatives is that it is relatively easy to measure. Not all demographics are straightforward to capture. However, we have learned from progress in gender representation that data is critical to improvement.
This information is typically gathered by encouraging respondents to voluntarily and anonymously self-identify regarding belonging to underrepresented groups. Each demographic comes with distinct challenges. For example, in specific geographies, asking employees to share LGBTQ+ identities could result in legal and physical danger.
For others, inconsistency in definitions could muddy the waters. Social class includes considering a person’s social and economic future, shaped by where they start. The parent’s educational and occupational history is sometimes used as a proxy but can also be deceptive. Resolving these obstacles will depend on an organisation’s unique context, with priority always given to employee safety, respect, and the right to define their identities rather than data clarity.
The impact of artificial intelligence on DEI
Artificial Intelligence (AI) development is poised to impact DEI initiatives within organisations profoundly. AI technologies offer numerous opportunities to enhance DEI efforts, from improving recruitment processes to ensuring fairer workplace practices. However, the integration of AI also presents challenges that must be navigated carefully to avoid reinforcing existing biases and inequalities.
AI can play a crucial role in fostering an inclusive workplace culture. AI-powered analytics can monitor and analyse employee interactions and engagement, identifying patterns that may indicate issues of exclusion or discrimination. By providing real-time insights, AI can help HR leaders address potential problems proactively and develop targeted interventions to promote inclusivity. Furthermore, AI-driven training programs can educate employees about unconscious biases and inclusive behaviours, fostering a more equitable and respectful work environment.
The deployment of AI in DEI initiatives is not without risks. If AI systems are trained on biased data or if their development lacks diverse perspectives, they can perpetuate and even exacerbate existing biases. For example, an AI tool trained on historical hiring data from a homogenous workforce may inadvertently favour candidates who resemble past hires, thus reinforcing a lack of diversity. To prevent this, organisations must implement rigorous checks and balances, including diverse teams of developers and ongoing audits of AI systems to ensure fairness and accountability.
Final Thoughts
Diversity, Equity, and Inclusion are not just buzzwords or trends but essential components of a thriving, modern organisation. Organisations can drive meaningful change by embedding DEI into the core of their organisational culture. By doing so, they can unlock many benefits, from enhanced innovation and employee engagement to improved decision-making. Embracing DEI is not just the right thing to do—it’s the smart thing to do for the future success of your organisation.
The Impact of Leadership and Organisational Purpose on Employee Engagement
The recognition of the growing impact of organisational purpose on employee engagement has not just risen significantly over the last few years but has become a key trend shaping the future of work. It is no longer new for Top Employers to have clear commitments to a ‘positive impact’ on the world. In our World of Work Trends Report 2023, we identified that the importance of a ‘lived’ purpose—one that comes straight from the heart of those within the organisation—would become a constant in everyday business decisions.
In our latest research, in our World of Work Trends 2024, we dived deeper into this trend as we recognised that organisations that provide opportunities for employees to reflect on their sense of purpose and connect this to that of the organisation enjoy higher engagement, revenue growth, and profitability. It’s not surprising that 2023 saw an eight-percentage point increase in adopting this practice among Top Employers.
The importance of organisational purpose and leadership
Looking at this year, we saw that this trend continues to evolve, especially as the world becomes increasingly unpredictable and trust in traditional institutions is declining. For example, trust in government and journalists is low (41%, 47%), while trust in CEOs currently sits at 64%.
This context is of interest to us in this article. The link between employee and organisational purpose is becoming more important and equally challenging as further disruption in the world affects the workplace and workplace values become increasingly diverse. In this changing environment, it will be the leaders within organisations who will be tasked with navigating this complex world and transforming company values into action.
We identified that organisations will only see employee engagement and financial benefits from a strong organisational purpose if they have the right leaders in place to bring it to life. Purpose-driven leadership will be critical to success in 2024 and beyond.
The impact of leadership and organisational purpose on employee engagement in numbers
We analysed the relationship between organisational strength and organisational purpose and collected information about employee engagement in 1 860 Top Employers. We found the following:
- Companies with strong organisational purpose and good leadership had employee engagement rates of 79%.
- Companies with strong organisational purpose without good leadership had employee engagement rates of 76%.
- Companies with weak organisational purpose and good leadership had employee engagement rates of 79%.
- Companies with weak organisational purpose without good leadership had employee engagement rates of 75%.
It is clear that leadership has a clear impact on how organisational purpose is felt and how that affects employee engagement rates. Therefore, we need to investigate what employees really want from their leaders. What makes employees trust their leaders?
What makes a great leader?
People are different, and what they want from their leaders reflects this difference, but there are still similarities in what people now expect from them. On big-picture issues, they want leaders to have a perspective beyond immediate business concerns. 60% of employees are interested in hearing their CEO speak about controversial social and political issues that they care about. It is now common for employees to closely review the actions and opinions of their leaders to see how they align with organisational values.
But empathy is really at the heart of purpose-driven leadership. When employees were asked about the criteria they used to decide who to trust, 79% cited empathy as a deciding factor.
Empathy as the Key Factor
It is clear that empathy stands out as a critical leadership skill. Empathy is the ability to understand and share the feelings of another. For people wanting to become empathetic leaders, here are key strategies to aid in this transformation:
- Active Listening: Empathy starts with listening, and leaders who want to develop this skill need to take the time to proactively listen to their employees. That involves being fully present, understanding, responding, and remembering what employees say and share.
- Open Communication Channels: Leaders must create an environment where open communication is encouraged and valued. This work can be done with regular check-ins and multiple feedback channels.
- Recognition and Validation: Recognising employees’ hard efforts is a powerful tool for leaders to show empathy. Leaders should be trained to acknowledge both their team members’ achievements and emotional states. This validation helps employees feel seen and appreciated, boosting morale and engagement.
- Conflict Resolution Skills: Empathetic leaders are skilled at resolving conflicts in a way that respects all parties involved. Training leaders in conflict resolution techniques can help them navigate disputes with sensitivity and fairness, ensuring that all voices are heard and considered.
- Feedback with Compassion: Providing constructive feedback is essential, but doing so with empathy makes a significant difference. Leaders should be trained to deliver feedback in a supportive way that focuses on growth rather than criticism. This involves balancing honesty with kindness and offering actionable suggestions for improvement.
- Leading by Example: Finally, leaders must lead by example. Demonstrating empathy in their interactions sets a standard for the entire organization. When leaders consistently act with empathy, it becomes a core part of the company culture, influencing the behaviour of employees at all levels.
Final Thoughts
Empathy in leadership is the cornerstone of an inclusive and effective workplace. Organisational purpose is an evolving, collaborative process that demands the lived commitment of every employee. Without authentic buy-in, neither the employee nor the organisation truly benefits. Once seen as a top-down process owned by the C-suite, strategy is facing a similar revolution. By prioritising this essential skill, HR professionals can help build a thriving, resilient organisation equipped to meet the challenges of the modern work environment.
Best Practice | Conscious Leadership Builds an Inclusive and Effective Culture at Boehringer Ingelheim
At Boehringer Ingelheim Mexico, leaders are crucial for shaping a culture where all employees can feel a sense of belonging within the organisation. As role models, they help to set the scene and show that diversity and inclusion are priorities. For the organisation, the meaning of diversity refers to diversity of thought, while inclusion is how they bring different perspectives and ideas together for innovation.
This best practice focuses on developing a new generation of inclusive leaders through a series of targeted training modules to enable them to foster psychological safety at all organisational levels and identify issues arising from micro-aggressions, harassment, discrimination, and unconscious biases. The basis for this transformation was a “Conscious Business Leadership Programme,” an Unconscious Bias e-learning course, and Psychological Safety & Speak Up workshops.
This is just a snapshot of Boehringer Ingelheim’s innovative best practice. You can find the entire practice in our HR Best Practices database, which is exclusively available to Top Employers. Get inspiration and insight into the approach, challenges and learnings experienced by certified Top Employers. Access it now via the Top Employers Programme if you are certified or learn more about it here!
Why the practice was needed
Culture and leadership are inextricably linked: consciously or unconsciously, leaders foster the values and beliefs that underpin an organisation’s culture and imprint values and assumptions that persist for decades. An organisation’s leaders can also shape culture over time through their conscious and unconscious behaviours.
Boehringer Ingelheim Mexico recognises that being able to promote their organisation as one where different genders, identities, races, ages, and backgrounds are celebrated is directly linked to increased employee engagement, innovation, and productivity. Prioritising diversity and inclusion training at all levels, but especially for the role models who lead organisational culture, is key to facilitating true inclusivity. Without engaged leadership, such activities can become nothing more than corporate speak.
How the practice was implemented
Boehringer Ingelheim Mexico has implemented a Leadership Journey that includes comprehensive D&I training. Traditionally, in business, leaders are often selected based on their individual success. At Boehringer Ingelheim Mexico, developing leadership skills goes beyond technical skills; the ethical aspect of leadership has become imperative. Leaders are asked to grow in their roles in a human sense.
These programmes aim to evoke the internal commitment of the team members to accomplish the organisation’s mission with effectiveness and integrity. It means doing so with the understanding that their team members are human beings who will only do their best if they are inspired, feel safe, and believe they are truly included and have a sense of belonging in the organisation.
All leaders in the company are required to participate in training programmes to ensure that they all operate from the same basis for managing talent within the organisation. For D&I, their Leadership Journey includes four programmes:
- Unconscious Bias e-Learning accessible through an online D&I channel
- Psychological Safety & Speak Up leadership workshops
- People Growth + Diversity & Inclusion + Belonging: D&I topics as part of management are addressed during the mandatory training for Boehringer Ingelheim leaders. The training includes skills and tools for communication, feedback, and feedforward.
- Conscious Business Leadership Programme: developed and presented in conjunction with Fred Kofman, a renowned Executive Coach and Advisor on leadership and culture and Founder of the Conscious Business Center. Over the course of 32 weeks, leaders engage in learning about the following topics: leadership, culture, communication, responsibility, humility, collaboration, resolution (honesty), coordination (commitments), essentialism, co-evaluation (feedback), emotions, meditation, perspectives (empathy), stoicism (flourishing), teamwork, coaching, capitalism (ethics), anti-capitalism (justice), and the West (economy and citizenship).
The web platform, for leaders and direct reports, was created on the company’s intranet. This space is available to ensure that employees are able to find all the information they need and more to reinforce an open, just and equitable culture. In this way, leaders have access to information from anywhere, at any time, to be able to effectively address issues such as micro-aggressions, bullying, discrimination, etc.
The Conscious Business Leadership Programme was designed and aligned with the company’s corporate competencies, behaviours and code of ethics, allowing Boehringer Ingelheim Mexico’s leaders (Directors, Senior Management and Middle Management) to put the organisation’s philosophy and values into practice on a daily basis within their teams. Their leaders learn to manage by improving effectiveness, caring for collaborative relationships with their team and peers, as well as promoting the welfare of all involved.
Leadership is divided into three cohorts, and the programme is tailored accordingly. Thereafter, the training is cascaded throughout the organisation. Those three cohorts are:
- Cohort 1: Senior Leadership
- Cohort 2 and 3: Leaders across the business functions
The results of the practice:
To measure the effectiveness of this best practice, a global survey is undertaken annually across Boehringer Ingelheim countries, totalling 54 000 employees. Each country has its own results and a comparison with the global results. Below are a selection of the results Boehringer Ingelheim Mexico has obtained that are directly related to the leadership development trainings and coaching discussed in this best practice:
- 86% agree that leaders work effectively with people who are different from themselves.
- 93% agree that people are treated with respect in Boehringer Ingelheim, regardless of their job, level, etc.
- 98% agree that the values of Boehringer Ingelheim and the principles of the Code of Conduct support employees in their work on a day-to-day basis.
Notable Quotes:
“No matter what position you hold in the company, you can make a huge impact with what you say and how you say it.” Luis Carlos Pérez, Director of Communication
“Regardless of position or rank, lets demand that we work with the principles of Conscious Business. It is the most efficient and fastest way to establish a conscious business culture.” Augusto Muench, CEO
