Even with high wages, conscientious work and no experience requirement, the ESG career still lacks qualified professionals
For some professionals who have had a career in the job market for some time, the ESG (acronym in English for Environmental, Social and Governance), is a well-known acronym, as with the rapid progress of climate change and also with the increased pressure to mitigate the environmental impacts from various areas of industries and manage risks at the corporate level , ESG is increasingly relevant in the daily lives of executives and companies of the most varied sizes and sectors.
For example, in Latin America alone, the number of companies that have introduced some strategies related to ESG guidelines in their operations in 2022 has already reached 69%, against 46% in 2021. The result of the introduction of ESG strategies in companies was an exponential increase in the offer of careers for professionals from different areas worldwide.
As described in a current report by the British consultancy GlobalData, vacancies offered to PROFESSIONALS interested in starting their career in the ESG area, increased by about 98% in the last year, in 2021, going from 531 positions in May 2021 and reaching about 1.049 positions in May of this year, 2022. a promising career with many benefits, the ESG area is still a relatively new area, where employers have a great lack of qualified professionals to occupy the positions offered. This shortage of labor drives the value of wages offered.
Potential of the ESG sector
With the increasing propagation of ESG in companies, it is seen that the sector has great importance in the corporate world. Below are listed some information that highlight the potential of the market, according to the site Exame;
- Today, the ESG industry is valued at approximately $35 trillion. still, the BloombergIntelligence predicts that number to reach $53 trillion by 2025;
- In Latin America alone, approximately 40% of companies intend to increase their components for sustainability projects in 2022, according to a report released by SAP;
- In an interview conducted by BlackRock in early 2020, the majority of respondents stated that they considered sustainable investing essential for the successful development of their careers. Since then, pooling of resources in ESG funds around the world has developed at ever-increasing speed;
- A study carried out by the IBV (Institute of Business Value) that consulted more than 14 thousand people in nine countries, including Brazil, shows that approximately 54% of consumers would be willing to pay a higher price for products from brands that are committed to reduction of environmental impacts in their production chains
By analyzing these numbers, it is possible to understand why the demand for ESG professionals continues to grow. Increasingly, hiring professionals who have qualified labor and who want to start a career in the ESG area is fundamental for the future of companies.
Getting Started in an ESG Career
Countless studies and information point out that, at least for now, effective experience in ESG is not necessary for professionals interested in starting a career in the sector, although some companies require some level of specialization in the area of ESG, such as open courses. Therefore, the absence of prerequisites may mean that, as long as they are willing to specialize in the subject, professionals from different areas of training can turn to ESG as an opportunity to change careers, reach promising positions and salaries.
