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Food and Beverage Supervisor Our Michelin Bib Gourmand restaurant, Grain Street in Merchant Street Valletta, Malta is looking for a Food and Beverage Supervisor. This is a rare chance to join a talented team in which you will be challenged to learn and develop your skills through persistence to achieve perfection. You will be involved in the day-to-day operation and the preparation and delivery of exclusive high-end events with no equivalent on the island.
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Plant Technician Under the general guidance and supervision of the Maintenance Manager, and within the limits of the established hotel policies and procedures
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Personal Assistant to the General Manager AX Hotels- Qawra properties are looking for a Personal Assistant to the General Manager. The main responsibilities include assisting the hotel's General Manager in day to day work including communication with clients and suppliers, maintaining rates and contracts, keeping data and records. The successful candidate should be proficient in both spoken and written English language, well versed with secretarial work and responsibilities, organised, discrete and trustworthy, as well as able to handle business information with confidence.
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Internship Program The AX Hotels internship program is designed to provide the student with an understanding of the various hospitality functions and hands-on experience. The program includes a rotation within each function, allowing the student to recognize the main functions of each hospitality discipline and to experience the inter-dependencies of various disciplines.
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Accounts Executive AX Real Estate Group are looking for an Accounts Executive to join their growing team. The position will involve the selected candidate in all aspects and functions of the Finance Department. The role is one of assistance to the CFO and will therefore give excellent exposure to the selected candidate who is on his way to achieving the ACCA qualification. The AX Real Estate Group Finance Department is a small department, and therefore selected candidate with get involved in raising and review of journal entries, postings, reconciliations, and assistance in preparation of management accounts and supporting documentation, VAT return preparation and budgets.
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Site Supervisor This is a supervisory position in the restoration sector. The foreman is the main point of reference for workers on site, and the go-between with workers and management. Managing the site restoration works by supervising and guiding workers according to plan.
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Shutterer / Steel Fixer Steel-work, fixing and installing
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Mechanic AX Construction is looking for a Mechanic.
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Assistant Security and Health & Safety Manager AX Hotels Qawra properties are looking for an Assistant Security and Health and Safety manager. The primary responsibilities of the role include assisting the Security and Health and Safety Manager in enforcing the security and health and safety procedures and practices.
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Leveraging ESG to Create Value: A Shift in Leadership Mindset

In today’s dynamic business landscape, the pursuit of enduring success has taken centre stage. For years, enterprises have optimized operations through established models like Porter’s Value Chain, primarily focused on their bottom line. However, as the world shifts towards Environmental, Social, and Governance (ESG) considerations in business decision-making, we face a pivotal question: Should business leaders disrupt well-established routines? And where does the true value of ESG lie?

 

Unearthing Value through Disruption:

Traditionally, businesses have been reluctant to disrupt functioning routines, but value can emerge through disruptive initiatives, especially within the realms of ESG and business transformation. ESG signifies a critical paradigm shift, emphasizing profits alongside broader responsibilities towards the environment, society, and governance. So, how can we persuade business leaders to embrace this change?

 

ESG’s Multi-Dimensional Value:

 

Beneath the surface, ESG practices are inherently value-driven and definitely not disruptive. ESG performance increasingly influences funding costs; businesses excelling in ESG will find it easier to secure capital at lower costs, while those with poor records may face higher interest rates and stringent terms. A clear and direct detriment to businesses’ longevity and prosperity.

Furthermore, ESG practices tackle pressing global challenges like resource scarcity and environmental consequences. Poor ESG practices can lead to resource shortages as well as increased costs due carbon-related expenses resulting from CO2 emissions, including ‘carbon taxes’ and reputational damage among others.

As consumer preferences evolve, businesses that fail to adapt to ESG requirements risk having products and services rendered obsolete, as is looming in the shift from traditional diesel engines to sustainable alternatives in the automobile industry.

 

 

 

The ‘G’ in ESG: Governance’s Pivotal Role:

The ‘G’ in ESG represents Governance, a cornerstone for driving change within organizations. History furnishes us with a pertinent illustration from the banking sector, where efforts were made to mitigate risks stemming from high-risk endeavours undertaken by executives in the quest for profitability. As part of their strategic measures, ECB, emphasised on reforming executive and board compensation structures.  In an environment where ESG initiatives may be seen as counterproductive by leaders pursuing bottom line results it is high time to focus on strategic measures for ESG to be prioritised.

Among other measures, shareholders should push for performance assessment metrics that include ESG metrics to establish executive pay as well as providing ESG champions with direct access to the board.

 

 

Executive remuneration.

To establish a culture of ESG responsibility among business leaders, organizations should implement a robust system of ESG Key Performance Indicators (KPIs) that carry significant weight alongside traditional financial metrics. The integration of ESG KPIs is essential for driving meaningful change within an organization.

  • Penalizing Poor Performing Managers: In cases where executives exhibit subpar ESG performance, it is imperative to impose internal penalties that directly impact the financial performance of their respective divisions. These penalties should extend to their performance bonuses, creating a direct link between ESG goals and financial outcomes. This approach aligns the interests of business leaders with the organization’s commitment to sustainable practices, reinforcing the urgency of ESG responsibilities.
  • Rewarding Excellence: To further incentivize ESG excellence, penalties imposed on underperforming divisions can be strategically redirected to lower the financing costs of high-performing ESG divisions. By reducing the financial burden on these exemplary divisions, this approach not only acknowledges and motivates those driving ESG initiatives but also enhances their profitability. Ultimately, this financial reward system encourages managers to prioritize ESG goals, ensuring that sustainable practices become integral to their division’s success.

 

In this way, the strategic use of ESG KPIs not only holds business leaders accountable for their environmental, social, and governance responsibilities but also actively promotes a culture of sustainability, where achieving ESG targets is not just a moral obligation but a route to enhanced financial performance and success. This measure may initially seem harsh, but it becomes necessary in organizations where managers fail to understand the importance of ESG, driving home the critical connection between responsible business practices and overall success.

 

In a world where short-term gains are no longer sustainable, businesses must pivot toward ESG and business transformation for lasting value creation. The key to this shift’s success lies in reshaping the mindset of business leaders. linking ESG KPIs to financial consequences is one way to persuade business leaders to embrace ESG principles, not merely as a moral obligation but as a strategic necessity for shareholder wealth and long-term sustainability. It’s time to redefine success in business by uniting around the common goal of a more sustainable future.