This week in ESG: Swiss bank sheds four of seven Asia sustainability team staff; Zurich Insurance finds 75 per cent of assets at high risk of severe climate impact by 2030
Green economy
Green jobs outlook depends on where you stand
South-east Asia’s green-jobs market could face an uneven landscape marked by tension between supportive policy and near-term economic realities.
The latest negative headline comes courtesy of UBS, which has cut its seven-person Asia sustainability team to a headcount of three, Bloomberg reports. The move is part of a global reduction in the environmental, social and governance (ESG) functions at UBS following its acquisition of Credit Suisse, with the chief sustainability office now staffed with only about 35 employees from more than 100 in mid-2023.
