The last year has not been a bed of roses for sustainable investments. Already in 2022, the ESG investment fever had died down. That year, for the first time in more than a decade, investors rescued more money from funds considered sustainable than they had invested. And 2023, according to Reuters, was difficult, “given market volatility and investors’ need to preserve capital.”
Worsening macroeconomic conditions and Republican political backlash against the sustainability agenda in the US are weighing on ESG strategies, according to Morningstar. Investors have withdrawn $11.4 billion from these funds in the last year.
In this context, Corporate Knights has prepared its annual ranking of the main responsible investment funds, classified by their adherence to (ESG) standards. In his opinion, despite appearances, sustainable investments have had a great year.
Despite the negative sentiment and falling green energy share prices, capital inflows remain huge. According to reports from Bloomberg New Energy Finance and the International Energy Agency, green themes such as renewable energy, green buildings and electric cars are seeing double-digit growth in capital investments.
These are the 20 best-placed global funds in this year’s annual ranking:
