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Introduction
Environmental, Social, and Governance (ESG) is a rapidly growing field in India. The ESG industry has grown by 468% in the last three years, according to a report. The demand for ESG professionals is increasing across various sectors such as healthcare, pharmaceuticals, banking, financial services, insurance (BFSI), consulting, mining, FMCG, and manufacturing. Companies like the Vedanta Group, Tata Steel, Welspun, and Marico are hiring for these positions.
What is ESG?
ESG refers to the three central factors in measuring the sustainability and ethical impact of an investment in a company or business. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates. Governance deals with a company’s leadership, executive pay, audits, internal controls, and shareholder rights.
Career Prospects
The roles being offered for ESG functions include heads, directors and vice presidents at the top, as well as assistant VPs and general managers in the next level. The job demand in the ESG sector has grown over 468% in India in the last three years. With heightened interest from investors in businesses aligned with ESG values, companies are scouting for leaders to head this newly formed function. Companies are looking at handing out pay packets of Rs 1.5-2 crore before stock options to leadership talent.
How to Build a Career in ESG?
To build a career in ESG, one can pursue a degree or certification program in sustainability or environmental management. Several universities offer courses on sustainability management that cover topics such as environmental policy and regulation, sustainable business practices, and corporate social responsibility. One can also gain experience by working with non-profit organizations or volunteering for environmental causes. Networking with professionals working in the field can also help one gain insights into the industry.
Conclusion
The demand for ESG professionals is on the rise across various sectors in India. With heightened interest from investors in businesses aligned with ESG values, companies are scouting for leaders to head this newly formed function. Pursuing a degree or certification program in sustainability or environmental management can help one build a career in this field.
