The environmental, social, and governance (ESG) sector in India has been making remarkable strides over the past four years. The sector has recorded a staggering 223% growth in job creation from April 2019 to April 2023. This impressive development is in line with the growing corporate focus on sustainable practices, diversity, and inclusivity, indicating a commitment to ESG standards.
A Closer Look at the ESG Job Boom
An Unprecedented Increase in Job Postings
An analysis by job site Indeed reveals the rise in the number of job postings related to the ESG sector. It saw a significant surge between April 2021 and April 2022, when job postings ballooned by an impressive 109%. Despite the massive increase, the following year (2022-2023) recorded a slight decline of 22% in ESG job postings, indicating a possible stabilisation in this job segment after the post-pandemic boom.
Growing Demand from Jobseekers
Interestingly, despite the slight dip in job postings, job searches for roles in sustainability saw an increase of 31% between April 2022 and 2023, the highest growth in the last three years. The demand from jobseekers for roles within the sustainability sector rose by 13% over the last three years, indicating a rising interest in contributing towards a sustainable future.
Drivers of the ESG Job Boom
Sashi Kumar, Head of Sales for Indeed India, believes the growing demand for ESG professionals can be traced back to several factors. Chief among these is rising consumer expectations and the need for companies to enhance their brand reputation. As companies pivot towards sustainable practices, the demand for expertise in environmental science, conservation, corporate social responsibility, and related fields has grown exponentially.
ESG Job Growth: A Regional Perspective
The surge in ESG jobs is not just confined to India. Other Southeast Asian countries, such as Singapore and Malaysia, have also experienced a surge in ESG job postings with a rise of 146% and 139% respectively over the past three years. While these countries also saw a decline in postings over the past year, they recorded robust growth in demand from jobseekers, mirroring the trend in India.
Towards a Greener, More Responsible Future
The rise of ESG jobs on Indeed’s platform reflects a growing commitment amongst Indian businesses to pave the way for a greener and more socially responsible future. This notable shift is indicative of a growing understanding that environmental and social sustainability is key to achieving long-term success in the ever-evolving corporate world.
In conclusion, the dramatic rise of ESG jobs is a testament to the evolving business landscape, as organisations and individuals increasingly prioritize sustainability and social responsibility. Whether you're a job seeker looking to contribute to a greener future, or a company striving to make a difference, the ESG sector in India is teeming with opportunities.
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