The adoption of tighter definitions of sustainable funds by the Sustainable Investment Forum has led to a fall in assets under management in the US. Even so, such assets still totalled more than $8.4 trillion.
And the Global Sustainable Investment Alliance’s latest industry review refers to a 20% increase in sustainable AuM across Canada, Europe, Japan, Australia and New Zealand over the last two years.
The need for clearer definitions and a wider understanding of what makes a sustainable asset ‘sustainable’ is obvious.
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