{"id":746,"date":"2024-01-30T08:00:42","date_gmt":"2024-01-30T08:00:42","guid":{"rendered":"https:\/\/www.biworldwide.com\/en-au\/?p=746"},"modified":"2025-04-03T14:43:44","modified_gmt":"2025-04-03T03:43:44","slug":"7-ways-to-a-sustainable-rewards-structure","status":"publish","type":"post","link":"https:\/\/www.biworldwide.com\/en-au\/our-work\/blog\/7-ways-to-a-sustainable-rewards-structure\/","title":{"rendered":"7 Ways to a Sustainable Rewards Structure"},"content":{"rendered":"<div class=\" has-content-align-left has-overlay has-overlay--light alignwide wp-block-biw-block-theme-hero\">\n\t<div class=\"biw-hero__grid\">\n\t\t\t\t\t<div class=\"biw-hero__breadcrumbs\">\n\t\t\t\t<div id=\"breadcrumbs\" class=\"breadcrumb-nav__wrapper\"><span class=\"breadcrumb-nav\"><span><a href=\"https:\/\/www.biworldwide.com\/en-au\/\">Home<\/a><\/span><\/span><\/div>\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"biw-hero__media has-dynamic-border-radius\">\n\t\t\t\t\t\t\t\t\t<div class=\"biw-hero__overlay overlay-light\"><\/div>\n\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"630\" src=\"https:\/\/www.biworldwide.com\/en-au\/wp-content\/uploads\/sites\/6\/2025\/01\/shutterstock_410096545-1.jpg\" class=\"biw-hero__bg-image\" alt=\"two women smiling at work desk\" style=\"object-position: 46% 39%;\" srcset=\"https:\/\/www.biworldwide.com\/en-au\/wp-content\/uploads\/sites\/6\/2025\/01\/shutterstock_410096545-1.jpg 720w, https:\/\/www.biworldwide.com\/en-au\/wp-content\/uploads\/sites\/6\/2025\/01\/shutterstock_410096545-1-300x263.jpg 300w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"biw-hero__content\">\n\t\t\t\t\t\t<h1 class=\"biw-hero__title\" style=\"line-height: 1.2\">\n\t\t\t\t7 Ways to a Sustainable Rewards Structure\t\t\t<\/h1>\n\t\t\t\t\t\t\t\t\t\t<div class=\"biw-hero__text\">\n\t\t\t\t\t\n\n<p>Employees today look out for and expect organisations to commit towards Environmental, Social and Governance initiatives. Brand reputation, its values and culture are influenced by an organisations ESG strategy. Here are seven ways our technology solutions can&nbsp;leverage&nbsp;your reward strategy to support your wider ESG goals.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<div class=\"biw-hero__experts\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"biw-hero__expert\">\n\t\t\t\t\t\t\tTom Nash\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"biw-hero__expert-title\">, Account Director, BI WORLDWIDE Australia<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<a href=\"#related-experts\" class=\"biw-hero__experts-link\">More about the author<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-vimeo wp-block-embed-vimeo wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"7 Ways to a sustainable rewards structure\" src=\"https:\/\/player.vimeo.com\/video\/877771167?dnt=1&amp;app_id=122963\" width=\"500\" height=\"281\" frameborder=\"0\" allow=\"autoplay; fullscreen; picture-in-picture; clipboard-write; encrypted-media\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><strong>Sustainability\u202fis\u202fnot only important business,\u202fit\u2019s\u202fgood business.<\/strong>\u202f&nbsp;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.strategy-business.com\/article\/A-CEO-guide-to-todays-value-creation-ecosystem\" target=\"_blank\" rel=\"noreferrer noopener\">Research and anecdotal evidence<\/a>\u202fshow\u202fthat when investors embed Environmental, Social, and Governance (ESG) considerations into their strategies they&nbsp;achieve superior valuations. In fact,\u202fan analysis of the ASX200\u202fby PWC Australia found that ESG leaders significantly outperformed their lower-ranked peers when it came to\u202f<a href=\"https:\/\/www.pwc.com.au\/industry\/mining\/aussie-mine-2021\/aussie-mine-2021.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">value-weighted total shareholder return<\/a>.\u202f<\/p>\n\n\n\n<p>But when it comes to global reward strategies how do you balance the need for efficiency and effectiveness with the broader, bigger need for a transition towards a more sustainable future?\u202fIn the end, employees look out for and expect organisations to commit towards ESG initiatives.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Here are\u202f<strong>seven ways<\/strong>\u202fwe\u2019ve identified you can leverage your reward strategy to support your wider ESG goals.\u202f\u202f<\/p>\n\n\n\n<p><strong>1.\u202fRecognise and reward sustainable choices<\/strong>&nbsp;<br>In organisations that are creating value through sustainability,\u202f60% of employees say that sustainability is a part of the corporate culture.\u202fDrive change and build a sustainable culture within your organisation by recognising and rewarding employees making sustainable choices. Whether it\u2019s cycle\/walk to work schemes, car share networks or implementing local sustainability initiatives, encourage and reinforce positive behaviours through your\u202freward and recognition program.&nbsp;<\/p>\n\n\n\n<p><strong>2.\u202fLet employees donate their reward to causes<\/strong>&nbsp;<br>With\u202fcost-of-living\u202f\u202fpinching on employees\u2019 disposable income, their own ability to donate and support causes of meaning to them may be limited. Allow them to use their recognition rewards to close the gap between their desires and abilities. In the past five years we\u2019ve seen a year-on-year increase in the value of charitable donations through our Australia operated marketplace and, in the last 12 months,&nbsp;donations increased by over 400%, demonstrating a trend towards more altruistic redemption behaviour.\u202f \u202f&nbsp;<\/p>\n\n\n\n<p><strong>3.\u202fDigitise your selection<\/strong>&nbsp;<br>Whilst most reward and recognition schemes have gone digital, some reward options and processes may still feature paper or paper equivalents. Review voucher providers and push for digital solutions.\u202f<\/p>\n\n\n\n<p><strong>4.\u202fCreate sustainable catalogues<\/strong>&nbsp;<br>For many, there\u2019s a desire to become more sustainable, but there\u2019s also a knowledge gap as to how to make more sustainable choices. Nudge the journey by curating sustainable reward collections that allow employees to choose rewards with more sustainable credentials.<\/p>\n\n\n\n<p><strong>5. Provide<\/strong><strong>&nbsp;environmentally friendly reward experiences<br><\/strong>Australians love getting outdoors and keeping active. Combine this passion by offering experience type rewards that align with your environmentally friendly strategy.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Our&nbsp;<a href=\"https:\/\/www.biworldwide.com.au\/rewards-marketplace\/experiences-marketplace\/\" target=\"_blank\" rel=\"noreferrer noopener\">Experiences Marketplace<\/a>&nbsp;includes unique and local environmentally friendly adventures. From surfing lessons in Bondi, private bike tour in the Blue Mountains, to guided hikes in the Darling Ranges.&nbsp;<\/p>\n\n\n\n<p><strong>6.\u202fThink shipping<\/strong>&nbsp;<br>It\u2019s all well and good having a sustainable catalogue, but if the fulfilment solution means rewards are crossing borders you may be diluting the result. Seek to leverage a reward provider that can offer local coverage to your employees to minimise the impact of shipping costs. Better still, seek a provider that\u2019s also asking sustainable practices of their supply chain, magnifying the impact from end-to-end.\u202f&nbsp;<\/p>\n\n\n\n<p><strong>7.&nbsp;<\/strong><strong>Offer reward options that promote self-development<br><\/strong>Our new&nbsp;<a href=\"https:\/\/www.biworldwide.com\/rewards-marketplace\/mastery-marketplace\/\" target=\"_blank\" rel=\"noreferrer noopener\">Mastery Marketplace<\/a>&nbsp;provides unique offerings that give your employees the opportunity to upskill, try something new or dive deeper into their passions.&nbsp;From cooking classes to language programs, music lessons to health and wellness sessions, or online courses on business development and self \u2013 improvement.&nbsp;<\/p>\n\n\n\n<p><strong>Contact us<\/strong>&nbsp;to discover how&nbsp;meaningful rewards&nbsp;can&nbsp;enhance your ESG strategy&nbsp;through our tailored marketplace selection and recognition programs.&nbsp;<a href=\"https:\/\/www.biworldwide.com.au\/research\/case-studies\/getting-an-engaged-tone\/#below-hero\"><\/a><\/p>\n\n\n\n<div style=\"height:0\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Employees today look out for and expect organisations to commit towards Environmental, Social and Governance initiatives. Brand reputation, its values and culture are influenced by an organisations ESG strategy. <\/p>\n","protected":false},"author":27,"featured_media":747,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"associated_experts":[{"id":407,"title":"Tom Nash","type":"industry-expert","slug":"tom-nash","industry_expert_title":"Account Director"}],"featured_image_focal_point":{"x":0.5,"y":0.5},"footnotes":""},"content-topic":[11],"problem-space":[6],"class_list":["post-746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","content-topic-employee-rewards","problem-space-employee-engagement"],"featured_media_global":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>7 Ways to a Sustainable Rewards Structure - Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.biworldwide.com\/en-au\/our-work\/blog\/7-ways-to-a-sustainable-rewards-structure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Ways to a Sustainable Rewards Structure - Australia\" \/>\n<meta property=\"og:description\" content=\"Employees today look out for and expect organisations to commit towards Environmental, Social and Governance initiatives. 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