“The leadership and innovation needed to get the world on a 1.5-degree warming path by 2050 will require a tremendous amount of climate upskilling and this demand is particularly acute for heavier carbon emitters,” said Sara Rosner, director of environmental research and engagement, responsible investment at AllianceBernstein.

Corporate executives need to have better abilities in order to lead businesses on the transition.

In order to help address this, AllianceBernstein has coordinated with faculty and scientists at the Columbia Climate School on curriculum, programming and education focused on climate change in these sectors.

“There will be a shift and that’s always painful because some people will lose their jobs,” said Alexis Deladerriere, manager of the Goldman Sachs Global Environmental Impact Equity Portfolio.

“For example, electric vehicle manufacturing requires fewer workers than traditional vehicles, so employment will fall.”

A Grantham Research Institute on Climate Change and the Environment report in the UK recommends investment managers embed these workforce considerations into their climate strategies, and engage with companies on their expectations when it comes to this strategy, the business’ workers, supply chains, communities and consumers.