1 minute reading time (252 words)

Are younger workers 'climate quitting'?

Last year saw the buzzword “quiet quitting” used to describe people doing the bare minimum effort required to keep their job. 

This year, the buzzword “climate quitting” is being used to describe younger workers leaving their jobs as a result because of employer inaction on environmental, social and governance issues. In a recent survey, KPGM has revealed that one-third of young employees have turned down job offers as a direct result of their employer’s stance on climate change. 

A question asked throughout the asset management industry is “Will it have an impact? And if so, how bad will it be?”.

Caroline Walker, managing director at Cavendish Employment Law, has this to say on the matter: 

"Asset management companies that need to attract top talent will need to ensure they can appeal to this group of future leaders by appealing to them with their ESG commitments."

Later on adding that employers who want the best employees should have a "clear plan" for ESG. "Employees will want to see the policy is a genuine reflection of the business objectives and not just empty words".

Whilst the short-term effects are less likely to impact the industry, the long-term effects may be damaging on the industry’s future.

Read the full article to hear more on how the asset management industry will be affected by climate quitting.

At Cavendish Law, we are specialists in employment law and have won many high-value claims for senior employees and executives. Get in contact with us today for immediate expert advice. 

Is the five-day office week returning for fund wor
Cavendish Employment Law Limited announced as “Bes

Do you have a high value employment claim as a senior employee or executive in the UK?

Our experts can help

Contact Us
or call 0207 965 7203

Contact us for immediate confidential advice. Out of Hours and Weekend help available

Client Testimonials

Get in touch

For immediate expert advice please contact us today.

Please let us know your name.
Please let us know your email address.
Please enter a valid telephone number
Please let us know your selection
Please let us know your message.
Invalid Input