Jobs
Hiring activity related to ESG increased by a CAGR of 60% in the power industry since 2020
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The global power industry witnessed a 60% rise in compound annual growth rate (CAGR) in new job postings related to ESG since 2020, according to GlobalData's Job Analytics database. New job postings increased by 102% year-on-year in 2021, and by 26% year-on-year in 2022.
Notably, management occupations jobs accounted for 19% share of the global power industry’s ESG-related new job postings since 2020.
Management occupations drive ESG-related hiring activity
Management occupations, with a share of 19%, emerged as the top ESG-related job roles within the power industry since 2020, with new job postings rising by 121% year-on-year in 2021 and rising by 56% year-on-year in 2022.
Installation, maintenance, and repair occupations came in second with a share of 13%, with new job postings rising by 101% year-on-year in 2021 and rising by 29% year-on-year in 2022.
The other prominent ESG roles include architecture and engineering occupations with a 12% share, computer and mathematical occupations with a 10% share and business and financial operations occupations with an 8% share.
The top five companies in the power industry accounted for 27% of hiring activity
The top five companies, in terms of the number of new job postings tracked by GlobalData, since 2020 were Vestas Wind Systems, Siemens, NextEra Energy, Waste Management, and PG&E. Together they accounted for a combined share of 27% of all ESG-related new jobs in the power industry.
Vestas Wind Systems posted 22,403 ESG-related jobs since 2020, followed by Siemens with 15,320 jobs, and NextEra Energy with 10,524 jobs, according to GlobalData’s Job Analytics database.
New job postings by Vestas Wind Systems increased by 106% year-on-year in 2021 but decreased by 39% year-on-year in 2022, while those by Siemens increased by 25% in 2021 and decreased by 2% in 2022.
Hiring activity was driven by the US with a 63% share of total new job postings since 2020
The largest share of ESG-related new job postings in the power industry since 2020 was in the US with 63%, followed by the UK (7%) and Belgium (4%). The share represented by the US increased by four percentage point from 60% in 2021 to 64% in 2022.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Job Analytics database uses machine learning to uncover key insights from tracking daily job postings for thousands of companies globally. Proprietary analysis is used to group jobs into key thematic areas and granular sectors across the world’s largest industries.
