Human Capital Development Strategy for a Sustainable Economy

Abstract

The current production and consumption systems have created many social and environmental issues in the global business environment. These issues are of concern for many policymakers across the globe. The essence of the policy framework on sustainability is to transform the global economy into a more sustainable economy. Human capital development is central to economic transformation. This chapter examines the human capital development strategy for a more sustainable economy. A desktop research approach was adopted to investigate the relationship between human capital development strategy and sustainable economic development. For an effective transition into a sustainable economy, this chapter upholds an alignment of human and organisational development strategy, as well as a national development plan with the economic, social, and environmental pillars of sustainability. Therefore, human capital development strategy is a holistic approach to explore the four greens (green savings, green opportunities, green talent, and green places) for a more sustainable economy.