DAVOS,
Switzerland, Jan. 17,
2024 /PRNewswire/ -- Over 1.7 million new green jobs
could be created across Europe by
2040 thanks to the development of green molecules, such as hydrogen
and biofuels, as part of the energy transition, finds a landmark
new study unveiled today by ManpowerGroup (NYSE: MAN) and
Cepsa at the World Economic Forum's Annual Meeting in
Davos, Switzerland.
However, the report, "Green Molecules: The Upcoming Revolution
in the European Employment Market," reveals the transition will
require reskilling and upskilling 60% of professionals to equip
them with crucial skills needed to meet the growing green
demand.
"The future of work is undoubtedly greener and more digital.
This report provides practical steps to drive sustainability
agendas while empowering millions of people with meaningful and
sustainable jobs," said Jonas
Prising, ManpowerGroup Chairman and CEO. "Addressing climate
change does not mean choosing between people and the planet.
Preparing the workforce with in-demand skills is key to driving
this transition. Governments and employers must come together to
match bold commitments to reducing reliance on fossil fuels with
strong actions to prepare for a greener future."
The report forecasts that over the next 16 years, the countries
that will lead in green hydrogen production and related employment
growth will be Spain with 181,000
new jobs, followed by the United
Kingdom with 173,000, Germany with 145,000, and France with 105,000.
Countries like Italy,
Spain, and Germany face the widest skills gaps that must
be addressed through vocational training, workforce mapping tools,
and public-private partnerships. Additionally, women's
participation in green economy jobs is increasing but remains below
40% in most countries. Spain and
Italy are the exceptions, with
women projected to hold over 50% of direct green jobs by 2040.
Responding to findings around skills gaps and job growth
opportunities, ManpowerGroup and Cepsa will expand on their
decade-long professional relationship and work together to drive a
more sustainable, inclusive energy transition.
"Climate change poses one of humanity's greatest challenges and
the green energy transition is crucial to guarantee our planet's
future. At Cepsa, we aim to spearhead this revolution through our
own transformation to become a European leader in the production of
green molecules such as green hydrogen and biofuels to decarbonize
energy-intensive sectors like heavy transport and industry," said
Cepsa CEO Maarten Wetselaar.
"In this transition, partnerships and inclusivity prove
critical. Our collaboration with ManpowerGroup represents an
essential next step to unlock the incredible job creation
opportunity embedded in the energy transition, channeling
data-driven insights into targeted upskilling programs, workforce
planning, and accessible training initiatives. Together we can
equip professionals with the skills demanded by emerging green
roles and ignite inclusive workforce development empowering
millions."
The report also outlines 10 key proposals to equip professionals
for the green hydrogen economy:
- Matching the demand for professionals with the supply of
competencies - Estimating skills gaps, encouraging continuous
upskilling, improving access to critical skills information, and
public-private collaboration.
- Rethinking the university system - Anticipating needed
capacity, updating knowledge, accelerating entry to the workforce,
fostering company connections, and developing specialized degree
programs.
- Supporting vocational training - Expanding dual models,
incorporating soft skills training, and aligning program offerings
with local investment plans.
- Nurturing non-formal training and talent hubs -
Utilizing corporate academies, overseeing quality, and
collaborating on skills catalogs.
- Promoting diversity and mobility - Incentivizing women
in technical fields, enabling reverse mentoring, encouraging
geographic mobility, and supporting worker transitions.
- Fostering public-private partnerships - To jointly plan
training and workforce strategies.
- Embracing talent without borders - Enabling
international collaboration and vocational promotion.
- Driving mass dissemination - Raising public awareness
and visibility of opportunities.
- Attracting and retaining talent - Accelerating
environmental commitments and promoting green employer brands.
- Conducting new skills mapping - Evolving classifications
to adequately capture green molecules skills.
Explore the complete findings and practical proposals regarding
upskilling, partnership strategies, and more here.
ABOUT MANPOWERGROUP
ManpowerGroup®
(NYSE: MAN), the leading global workforce solutions company, helps
organizations transform in a fast-changing world of work by
sourcing, assessing, developing, and managing the talent that
enables them to win. We develop innovative solutions for hundreds
of thousands of organizations every year, providing them with
skilled talent while finding meaningful, sustainable employment for
millions of people across a wide range of industries and skills.
Our expert family of brands – Manpower, Experis, and Talent
Solutions – creates substantially more value for candidates
and clients across more than 70 countries and territories and has
done so for more than 75 years. We are recognized consistently for
our diversity – as a best place to work for Women, Inclusion,
Equality, and Disability, and in 2023 ManpowerGroup was named one
of the World's Most Ethical Companies for the 14th time – all
confirming our position as the brand of choice for in-demand
talent.
For more information, visit www.manpowergroup.com, or follow us
on LinkedIn, X (formerly Twitter), Facebook, and
Instagram.
ManpowerGroup Inc.'s Cautionary Statement
Regarding Forward Looking Statements
This press release
contains forward-looking statements, including statements regarding
the impact of the green transition, including green hydrogen
production, on the European labor market across Europe. Actual events or results may differ
materially from those contained in the forward-looking statements
due to risks, uncertainties and assumptions. These factors include
those found in the Company's reports filed with the SEC,
including the information under the heading "Risk Factors" in its
Annual Report on Form 10-K for the year ended December 31,
2022, which information is incorporated herein by reference.
ManpowerGroup disclaims any obligation to update any
forward-looking or other statements in this release, except as
required by law.
ABOUT CEPSA
Cepsa is a leading international company
committed to sustainable mobility and energy with a solid technical
experience after more than 90 years of activity. The company also
has a world-leading chemicals business with increasingly
sustainable operations.
Through its 2030 strategic plan, Positive Motion, Cepsa aims to
become a leader in sustainable mobility, biofuels, and green
hydrogen in Spain and Portugal, and to become a benchmark in the
energy transition. The company places customers at the heart of its
business and will work with them to help them advance their
decarbonization objectives.
ESG criterion inspire all of Cepsa's actions as it advances
toward its net positive objective. Over the course of this decade,
it will reduce Scope 1 and 2 CO2 emissions by 55% and its carbon
intensity index by 15-20%, with the goal of achieving net zero
emissions by 2050.
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SOURCE ManpowerGroup