Sustainability ESG is transforming business like never before, as ambitious net-zero commitments and efforts have increased.
Companies are currently investing in people who can make change happen. The world of work is undergoing significant changes, becoming more favorable to graduates with sustainability skills and expertise.
Published: June 21, 2022 By CSE research team
According to the State of the Profession 2022 study, the sustainability profession is expanding more than any other time in history. The study also revealed the average total compensation for sustainability managers, directors and sustainability vice presidents. The average total compensation for sustainability managers is $146,900, $227,158 for directors and $404,972 for vice presidents, which is quite an impressive, because these salaries reflect the business transition toward a greener economic system.
On the other hand, the International Labor Organization (ILO) has already estimated that 24 million jobs worldwide could be created by the sustainable economy by 2030 alone, while LinkedIn has shown a shift to green skills. Specifically, about 10% of job postings require at least one green skill, even for roles not in the environmental sector. This is verified by LinkedIn’s first Global Green Skills Report, which has estimated that the share of green talent has shown a growth rate of 38.5% between 2015 and 2021.
Job quality: A future of better opportunities or increased risks
With sustainability entering a new era, the competition for sustainability jobs is fierce. These are the four main types of skills that candidates should have if they want to pursue a career on sustainability, as identified by the Green General Skill index:
Engineering and technical skills
These skills are needed to develop new products and solutions. This type of knowhow is prominent for eco-building, renewable energy design and energy-saving projects.
Such skills can be vital in the utilities sector and they are in especially high demand at early stages of the value chains.
Operational management skills
It is important to have an overall understanding of how your company operates in order to communicate its performance to the internal and external stakeholders. They are also required to support green activities through life-cycle management.
ESG has crossed over to non-financial service companies and mainly refers to the reporting, disclosures and investor relations. ESG professionals are required to have experience in measuring, reporting and aligning with an increasing number of standards and frameworks, such as the Science Based Targets initiative, GRI, SASB or the Task Force on Climate-related Financial Disclosures.
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