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Scotland leads the charge on financial services green job opportunities

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Scotland leads the charge on financial services green job opportunities

Scotland has emerged as having the UK’s highest proportion of green financial job openings, according to the latest in PwC’s Green Jobs Barometer series.

The report, in collaboration with the Financial Services Skills Commission and the Aldersgate Group, highlighted the high concentration of green financial job opportunities in Scotland, with 5.6% of job openings classed as ‘green’.




While the highest proportion of green job openings exist north of the border, London boasts the largest absolute number of green financial job openings – at 7,000 in a year – versus Scotland’s 2,200.

The research revealed that the proportion of job vacancies in the sector that are identified as green increased from 0.25% in the 2019 to 2020 timeframe to 2.2% in 2022-2023, growing from a total of 4,900 jobs to 16,700.

The growth in green job openings has been driven by two factors: the creation of new green jobs in the finance sector such as sustainable investment analysts, climate strategists and ESG analysts, and the greening of existing jobs.

For example, portfolio managers in asset management have expanded their roles beyond conventional tasks and their duties now encompass tasks like analysing ESG fund trends and producing and evaluating climate risk assessments for client portfolios.

Fraser Wilson, financial services leader at PwC Scotland, said: “Our financial services industry is thriving, with Scotland well-known as the UK’s largest financial hub outside of London, with Edinburgh in particular leading the way in terms of its collaborative approach to developing green talent in order to support a sustainable financial system.

“In that respect, it’s no surprise to see that Scotland has ample opportunities available for green talent in the sector, with the highest proportion of green finance roles in the country.

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