Global sustainable fund assets hit record $2.3 tln in Q2, says Morningstar
ESG related funds climbed to $2.3 trillion in combined assets for their fifth consecutive quarter of growth, up 12% from the end of March.
"An increase in the number of sustainable products across the globe, market appreciation, and positive inflows continued to drive global sustainable fund assets upward," said Morningstar in a report on Tuesday.
Philippines' Union Bank first social bond receives US$150 million investment from IFC Banks are issuing social bond for small and medium enterprises affected by the pandemic, as ailing economies resort to funding mechanisms to aid Covid-19 recovery. DFIs are using this instrument to provide funding to banks that have this double goal: provide funding and help SMEs. The global sustainable debt market grew 29 per cent to a record US$732 billion last year. READ MORE
50 Best ESG Stocks With A Sustainable Focus And Superior Stock Ratings Even if you didn't care about ESG issues, history shows that ESG strategies have been successful in managing risk and measuring portfolio resilience. Assets in ESG keep growing, as a July report indicated from State Street Global Advisors. State Street estimated global ESG ETF and index mutual fund assets will increase from $170 billion as of May 31, 2020, to more than $1.3 trillion by 2030.
ESG fast becoming a key focus across generations Older generations may be at a different stage on appreciating the importance of ESG issues compared to millennials but the key is to focus on progress. "In my view, ESG is more of a continuum than an absolute - it's more about moving in the direction that improves ESG outcomes, regardless of where the starting position may be," said Mr Poon.
Agriculture stakeholders in Africa call for collaboration to boost food systems The Alliance for a Green Revoluton in Africa (AGRA) organized by Africa Green Revolution Forum (AGRF) called on enhanced collaboration in transforming the continent’s food systems to combat rising concerns over global food shortages owing to increasing population, shrinking land and climate change. READ MORE
The Green Economy Has a Resource-Scarcity Problem Investors, consumers and governments are increasing their focus substantially on ESG. Companies now have to start to adopt techniques of continuous sustainable business model innovation in order to keep up with sustainability scarcities. READ MORE
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