In Australia, companies from all sectors, specially in finances, demand qualified professionals for ESG (Environmental, Social, and Governance)
There are many advantages to living in Australia. In addition to seeking a better life quality, moving to the country may be a great career plan: many professionals manage to get a good job in the Aussie market, working with their specialties. Nowadays, the ESG (Environmental, Social, and Governance) industry is booming in Australia.
This industry’s growth, specially in finances (which includes, for instance, cryptocurrency and the metaverse), is a trend all over the world. According to the FIS Global Innovation Report 2023, most executives across the globe expect a major or moderate impact from areas of fintechs this year: ESG (mentioned by 84% of the surveyed), decentralized finances (DeFi; 825), metaverse (80%) and cryptocurrency (77%).
The efforts to reduce environmental impacts and to promote more diversity and inclusion in companies have been gaining more importance. The theme was highlighted, for example, on COP 27, the United Nations Conference, held in November 2022.
In Australia, companies have been creating and investing in the ESG industry. The arrival of the Covid-19 pandemic, in 2020, has sped up this process: according to a research by Cerulli Associates, the demand for sustainable investment had increased in 2021, when compared to the previous year.
In September 2022, ESG got a new boost. The Australian government implemented Climate Change Bill 2022, which sets a goal for reducing 43% of carbon emissions by 2030. In 2050, the goal is net zero.
According to a survey by Australian Prudential Regulation Authority (APRA), almost 70% of large or medium companies in Australia claim to publicly disclose their strategies for measuring and managing factors that increase climate risk on our planet.
ESG has been growing fast in the financial sector. According to to the FIS Global Innovation Report, 53% of the Aussie financial services firms said ESG enables them to improve their competitiveness in the market.
On the other hand, 46% claim that the biggest challenge in ESG is the lack of data and internal tools to create strategies. That is why this is an industry that will probably keep growing in Australia, with demand for technology and skilled professionals.
Job opportunities
The high demand for qualified ESG professionals opens a lot of possibilities for foreign workers, from many occupations.
Currently, according to The Fifth State, the Australian market has taken in professionals that work with engineering, science and communication. In other words: many professionals have accomplished to change their careers, and having a postgraduate degree or a specialization may be a good differential.
It is possible to find job opportunities in different occupations and roles in ESG, such as:
:: Sustainability Coordinator
:: Sustainability Consultant
:: ESG and Financial Director
:: Sustainability Engineer
:: Conservation Specialist
:: Urban Planning Specialist
:: Environmental Manager
:: Project Manager
Good Day is an expert in supporting professionals who want to work in Australia. Do you want to know more about how the agency can help you to plan your career in ESG? Talk to our specialists!