ESG talent trends: Hiring for the green economy amid backlash
Between 2019 and 2022, ESG hiring surged as companies responded to investor and regulatory pressures, but slowed in 2023 due to economic uncertainty and concerns over greenwashing. Political pushback against ESG investing in the U.S. led to capital withdrawals and a reduction in ESG hiring. However, demand for ESG talent revived in 2024 as businesses reaffirmed sustainability commitments.
The green economy is set to generate millions of jobs by 2030, but the supply of green-skilled workers is falling short. A LinkedIn report showed demand for green skills grew 11.6% from 2023 to 2024, while supply increased by only 5.6%. This talent gap is particularly notable in utilities and construction, with a growing emphasis on ESG roles in renewable energy and sustainable finance.
Gen Z is driving the push for stronger ESG values, making it a key factor in attracting top talent. Companies are investing in upskilling, using AI in recruitment, and partnering with universities to meet the demand for green skills. ESG is now essential for long-term business success, not just compliance.
