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ESG (Environmental, Social, and Governance) consulting is a rapidly growing field in the United States as more businesses prioritize sustainable practices and ethical operations. This profession involves helping organizations measure, manage, and communicate their ESG performance. So in this blog, we will discuss about the highest paying ESG consultant jobs in the US.
ESG consultant jobs in the US are generally tasked with doing due research before providing particular financial advice. However, this is simply the tip of the iceberg regarding the activities usually performed by someone in this position.
The ESG consultant jobs in the US come under the umbrella of Sustainable Investing. Their role is to find any changes in a company’s portfolio for additional investments and divest from those not ecologically or socially appropriate. They also assist businesses and investors in determining their effect on society and the environment.
The job definition of an ESG consultant is variable and ever-changing. They could be active in one or more of the following activities:
Many financial institutions hire consultants for ESG screening, company engagement, and report creation. Most large financial institutions today have an ESG strategy, department, or team with specialized knowledge in evaluating how well corporations operate regarding environmental and social criteria. These organizations seek to advise investment portfolio senior management on potential investments and hazards connected with specific sectors.
Many businesses provide sustainability consulting. Some concentrate on specific company verticals or other criteria, but the most significant organizations on the market deliver actionable insights. A solid ESG consulting service should give you high-quality information on your portfolio of investments and firms in their industry, allowing you to make well-informed decisions based on rigorous research.
The United States, as a global leader in numerous industries, has experienced a substantial surge in ESG-focused roles. With this increased demand, several ESG positions command substantial salaries, making them some of the highest-paying jobs in the sustainability sector. These roles, which range from strategy consulting to risk management to analyzing ESG data, require a unique blend of expertise in sustainability issues, business acumen, and strategic decision-making.
Here are some of the highest-paying ESG Consultant jobs in the U.S., providing an overview of each role, the key responsibilities, and the potential compensation one can expect:
Salary: The salary range is $71,600.00 – $87,947.00 – $132,600.00.
Data Gathering and Management
Communication, Transparency, and Reporting
Strategy and Implementation
Salary: In the United States, the expected total pay for an ESG Specialist is $68,475 annually, with an average salary of $64,449 annually.
The ESG Specialist will be accountable for assisting in the formulation and execution of ESG-required and independent reporting strategies, analyzing ESG data and trends, and informing the corporate ESG strategy’s continual evolution. Undertaking research and benchmarking, analyzing and correlating massive datasets, and communicating cross-departmentally across a worldwide workforce are critical areas of duty. The ideal applicant is familiar with the present environmental, social, and governance (ESG) reporting and rating landscape and has worked on ESG/Sustainability reports for publicly traded companies. They are at ease in a high-performance, fast-paced atmosphere. They will also be skilled at multitasking and have a solid dedication to quality.
Salary: In the United States, the typical ESG Director compensation ranges from $109,640 to $173,073.
The Director of ESG oversees all elements of the organization’s sustainability, environmental, social, and governance programs. Creates corporate sustainability and ESG strategies to ensure that business practices, programs, and services are socially and ecologically responsible and in accordance with government rules and regulations. Collaborates with other executives to implement processes and technology that lower the organization’s carbon footprint. Internal and external audiences are promoted, and the organization’s sustainability philosophy is explained.
Salary: In the United States, the expected total pay for an ESG Data Analyst is $72,316 annually, with an average salary of $68,532 annually.
The ESG Data Analyst is responsible for monitoring and evaluating ESG-related data, identifying patterns and trends in large datasets, and using this information to provide insights that inform strategic decision-making. The ideal candidate is well-versed in the current ESG landscape, has experience working with complex databases, and can effectively communicate data-driven insights to various stakeholders. This role operates in a high-stakes, fast-paced environment, demanding high performance, efficiency, and a commitment to accuracy.
Salary: In the United States, the expected total pay for an ESG Risk Manager is $87,543 annually, with an average salary of $83,786 annually.
The ESG Risk Manager is tasked with overseeing the company’s ESG risk profile, conducting comprehensive risk assessments, and developing and implementing risk management strategies. The ideal candidate understands the current ESG landscape, is experienced in risk management, and has a proven track record of success in managing complex risks related to environmental, social, and governance factors. They thrive in a high-stakes, fast-paced environment and have a strong commitment to quality.
Salary: In the United States, the expected total pay for an ESG Associate is $45,534 annually, with an average salary of $43,250 annually.
The Associate, ESG Reporting will assist with data consolidation, management, and process improvement for the company’s yearly social impact and sustainability (SI&S) assessment and ESG data quality control activities. Maintaining and improving internal data gathering via the ESG Data Platform (CCS) and directing the collection of ESG data and metrics from across the company for internal and external reporting are examples of responsibilities. Furthermore, the Associate will assist with processes for external assurance, interior inspection of data, and the continual creation and refining of internal controls frameworks for ESG data.
ESG consultant jobs in the US are to find opportunities for additional investments in a company’s portfolio and to divest from those who are not socially responsible. They accomplish this by evaluating a company’s environmental and social issues, governance, and how these variables align with the client’s values. If the client has an ESG plan, they will want their adviser to track how well it is being carried out. An ESG consultant would also manage difficulties that develop within the company, such as boycotts and litigation.
Note: Bear in mind that actual salaries can vary greatly based on factors such as industry, company size, location, years of experience, and specific skills. Also, the ESG field is rapidly evolving, with new roles and opportunities emerging constantly. Consequently, the demand for ESG consultants is expected to grow, which may impact salary trends in the future.
Q1. Is ESG a good career?
ESG consultant jobs in the USA pay well, with compensation scales similar to other fields. We should expect additional prospects for well-paying positions in this industry as the need for ESG specialists develops.
Q2. Does ESG pay well?
Professionals are leaving ESG positions. It could have anything to do with pay. According to a wage survey conducted by recruitment firm Pearse Partners, ESG finance experts are significantly underpaid compared to their peers in traditional finance.
Q3. Is ESG a growing field?
Given the trillions of dollars invested in funds that use ESG guidelines, reporting on ESG activities is a growing field for consulting and public accounting firms. Accountants are increasingly involved in defining those ESG guidelines and assessing and reporting the data due to their involvement in financial reporting.