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World-wide investors are turning their backs on sustainability-centered inventory money, as poor efficiency, scandals and assaults from US Republicans hit enthusiasm for the much-hyped sector which has pulled in trillions of pounds of belongings.
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“US ESG flows are destructive, and it is probably a testimony to what is occurring inside the context with the US with an exceedingly polarised and politicised discussion around it that has frozen the behaviour on that front,” reported Elodie Laugel, Main accountable financial commitment officer at Amundi, and that is the next-greatest sustainable fund manager globally soon after BlackRock.
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