Asia-Pacific was the fastest growing region for Environmental, Social, and Governance (ESG) hiring among private banking industry companies in the three months ending August.
The number of roles in Asia-Pacific made up 31.5 per cent of total ESG jobs – up from 26 per cent in the previous three months.
That was followed by Europe, which saw a 0.600000000000001 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.
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By GlobalDataThese 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 wealth management & private banking?
The fastest growing country was India, which saw 13.8 per cent of all ESG job adverts in the three months ending May, increasing to 19.1 per cent in the three months ending August.
That was followed by the United Kingdom (up 1.5 percentage points), Singapore (up 0.6), and Malaysia (up 0.1).
The top country for ESG roles in the private banking industry is the United States which saw 38.2 per cent of all roles in the three months ending August.
Which cities are the biggest hubs for ESG workers in wealth management & private banking?
Some 5.8 per cent of all private banking industry ESG roles were advertised in Chennai (India) in the three months ending August - more than any other city.
That was followed by London (United Kingdom) with 5.8 per cent, Singapore (Singapore) with four per cent, and York (United States) with 3.7 per cent.