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  1. Analysis
October 25, 2021

Asia-Pacific is seeing a hiring boom in payment industry ESG roles

By Michael Goodier

Asia-Pacific was the fastest growing region for Environmental, Social, and Governance (ESG) hiring among payment industry companies in the three months ending August.

The number of roles in Asia-Pacific made up 34.7 per cent of total ESG jobs – up from 26.5 per cent in the previous three months.

That was followed by Europe, which saw a -0.8 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 cards & payments?

The fastest growing country was India, which saw 13.7 per cent of all ESG job adverts in the three months ending May, increasing to 20.8 per cent in the three months ending August.

That was followed by Singapore (up 1.3 percentage points), Malaysia (up 0.3), and Australia (up 0.1).

The top country for ESG roles in the payment industry is the United States which saw 36.8 per cent of all roles in the three months ending August.

Which cities are the biggest hubs for ESG workers in cards & payments?

Some 6.6 per cent of all payment industry ESG roles were advertised in Chennai (India) in the three months ending August - more than any other city.

That was followed by Singapore (Singapore) with 6.6 per cent, York (United States) with 3.6 per cent, and Toronto (Canada) with 3.5 per cent.

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