Sustainable Investing Perspectives with Martin Grosskopf (AGF) and Amantia Muhedini (UBS CIO)
Mar 26, 2024
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Guests Amantia Muhedini and Martin Grosskopf discuss the evolution of green labor markets, challenges in skilled labor for clean tech, and strategies for promoting sustainability in long-term investments.
Green jobs in renewable energy are projected to drive significant job market growth globally, despite challenges like skills gaps and the need for training programs.
Shareholder engagement is vital for directing capital towards sustainable options, emphasizing the importance of retaining skilled labor through equitable compensation strategies.
Deep dives
Evolution of Green Jobs as a Key Market Indicator
The podcast explores the concept of green jobs as a significant market indicator in the broader energy transition. Research findings indicate that green jobs, encompassing renewable energy, low-emission technology, and traditional energy companies' expansion into greener avenues, are projected to contribute substantially to job market growth. The World Economic Forum and IEA further estimate that the green transition could generate millions of jobs globally, across various industries. However, challenges such as skills gaps are identified, prompting responses from regulators and governments in terms of skill development and training programs for workers.
Shortage of Skilled Labor in Clean Tech and Transition-related Expertise
The discussion addresses the shortage of skilled labor in the clean tech sector, emphasizing the growing need for individuals with expertise in environmental engineering, financial acumen, and green technologies, within industries like water, waste, and energy. Issues related to attracting qualified talent in areas crucial for transitioning to low-carbon options and infrastructure development are highlighted. The podcast mentions declining applications for programs in environmental engineering, indicating a concerning trend in acquiring specialized skills essential for the ongoing transition.
Importance of Engagement for Energy Transition and Labor Retention
The importance of shareholder engagement in facilitating capital allocation towards lower carbon options, energy efficiency, and renewables is emphasized. Retaining skilled labor through appropriate compensation strategies, including equity stakes for employees, becomes crucial for companies transitioning towards sustainable practices. The conversation underlines the significance of engagement strategies that focus on guiding firms through sustainable transitions, promoting long-term financial performance and aligning with environmental responsibilities.
This month we examine the evolution of the green labor market landscape, along with a look at shareholder engagement when it comes to the energy transition. Featured are Amantia Muhedini, Sustainable & Impact Investing Strategist Americas, UBS Chief Investment Office, and Martin Grosskopf, Vice President & Portfolio Manager with AGF Investments. Host: Daniel Cassidy
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