Asia's ESG talent crunch
Staggering demand for ESG expertise amid scarce candidates has led to an acute mismatch
Add BT as a preferred source
A TALENT war is brewing for environmental, social and governance (ESG) experts in the financial world, as firms scramble to build new teams to navigate a shift towards climate-friendly finance.
Net-zero targets - coupled with stricter regulation and growing demand from customers and investors for sustainable economic models - are driving banks, insurers and asset managers to rejig their lending practices, investments, and underwriting of climate-sensitive sectors.
The staggering pace of demand for ESG expertise amid scarce candidates has led to a demand-supply mismatch globally. This is perhaps nowhere more acute than in Asia, where sustainability issues are most recently concentrated and companies lag behind their Western peers.
TRENDING NOW
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Taiwan’s wealthy seeks diversification to Singapore, sparking private banking race: Bloomberg
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Palm oil stocks set to surge as Indonesia said to be scaling back export overhaul: analysts
