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January 22, 2022

Asia-Pacific is seeing a hiring boom in retail banking industry esg roles

Asia Pacific is top region for ESG roles in the retail banking sector in the 3 months to end November

By Michael Goodier

Asia-Pacific was the fastest growing region for environmental, social, and governance (esg) hiring among retail banking industry companies in the three months ending November.

The number of roles in Asia-Pacific made up 32.2 per cent of total esg jobs – up from 21.6 per cent in the same quarter last year.

That was followed by North America, which saw a 0.7 year-on-year percentage point change in esg roles.

The figures are compiled by GlobalData, who track the number of new job postings from key companies in various sectors over time. Using textual analysis, these job advertisements are then classified thematically.

GlobalData's thematic approach to sector activity seeks to group key company information by topic to see which companies are best placed to weather the disruptions coming to their industries.

These key themes, which include environmental, social, and governance, are chosen to cover "any issue that keeps a CEO awake at night".

By tracking them across job advertisements it allows us to see which companies are leading the way on specific issues and which are dragging their heels - and importantly where the market is expanding and contracting.

Which countries are seeing the most growth for esg roles in the retail banking industry?

The fastest growing country was India, which saw 11.6 per cent of all esg job adverts in the three months ending November last year, increasing to 19.6 per cent in the three months ending November this year.

That was followed by Malaysia (up 1.8 percentage points), China (up 1.6), and Canada (up 0.7).

The top country for esg roles in the retail banking industry is the United States which saw 38.3 per cent of all roles in the three months ending November.

Which cities are the biggest hubs for esg workers in the retail banking industry?

Some 5.9 per cent of all retail banking industry esg roles were advertised in Chennai (India) in the three months ending November - more than any other city.

That was followed by Singapore (Singapore) with 5.9 per cent, Toronto (Canada) with 3.4 per cent, and London (United Kingdom) with three per cent.

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