Sustainable investments make up a third of all global assets
This is a 15% overall increase since 2018
Image: Shutterstock
Global sustainable investment reached $35.3 trillion (£25.6tn) across five major markets at the start of 2020 – more than a third of all assets under management.
That is according to the latest report by the Global Sustainable Investment Alliance (GSIA), which stated the figure was a 15% increase in sustainable assets under management from 2018.
Canada experienced the largest growth in sustainable investment across the two years, with a 48% increase, which was followed by the US (42%) and Japan (34%).
Europe witnessed a 13% decline, however the GSIA noted this was due to a change in how sustainable investment is defined in European Union legislation and through the European Sustainable Finance Action Plan.
Sustainable investments now total $35 3 trillion, roughly a third of all global assets under management, report shows
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
ESG Public Policy and Creating Sustainable Business Economy
natlawreview.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from natlawreview.com Daily Mail and Mail on Sunday newspapers.
Fairer finance could speed up net zero for Africa by a decade
eurekalert.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eurekalert.org Daily Mail and Mail on Sunday newspapers.
By Jon Hay
17 Dec 2020
After four years of the US government noisily refusing to protect humanity from climate change and pushing back on responsible investing, sustainable finance supporters are full of hope that Joe Biden’s presidency will shift the US and the world in the right direction. Jon Hay reports
Capital markets players are convinced the US’s long wandering in the wilderness as the world’s chief renegade on climate change is coming to an end.
The election of Joe Biden as president though without control of the Senate, barring great luck for the Democrats in January’s Georgia run-offs has wrested power from the most aggressive enemy of climate policy among world leaders and given it to a candidate who knows the urgency of action.