The best way to predict the future is to create it.
– Abraham Lincoln
Under the radar for many, and most recently obscured by the ravages of Covid-19, the landscape for future jobs may be dramatically improving for the long term.
Green and sustainably oriented companies are not only delivering on their ESG mandate, but other tangible dividends are providing a shot in the arm for the American worker and the communities that sorely need new purpose. We can see now how the promise of a new infrastructure for a new age goes way beyond merely saving the planet.
According to the U.S. Bureau of Labor Statistics (9/20) two of the three fastest growing occupations projected over the next 10 years are jobs that didn’t even exist not too long ago:
#1 – Wind Turbine Service Technicians; and
#3 – Solar Photovoltaic Installers
(Nurse practitioners was #2)
Jobs like these in sustainably oriented companies now represent a powerful new resource for the middle class, with both white and blue-collar standing to benefit, mostly with good pay and benefits. And just in time, as jobs are being lost in the traditional energy sector due to technology and mechanical advancements. And investors who are lining up are winning as well.
In this issue of the Socially Inspired Investor (SII) we continue to focus on how the nature of Work and Jobs is changing. In our Podcast his month our host Pat O’Neil talks with Yana Kravtsova, Executive Vice President, Communication, Public and Environmental Affairs at Enviva LP., a leader in alternative energy producing wood pellets. Enviva is an example of a company that is providing new jobs, retraining opportunities and even conversions of old coal-based power plants.
The Spotlight on section poses the question to leaders in the ESG Investing community, “How is the nature of work changing as companies move toward a more socially and environmentally sustainable world? “, and our Basic Investing section continues to build your foundation.
We wish you a happy and healthy New Year.