According to research firm Morningstar Inc, European funds devoted to sustainable investing pulled in a record 120 billion euros ($132 billion) from clients last year. That’s more than double the previous year’s total. On top of that, assets managed by funds in Europe that incorporate environmental, social and governance criteria into their strategies swelled by 56% in 2019 to 668 billion euros.
This major spike in sustainable investing shows us in financial terms just how quickly the demand for green and ethical investment options is growing. The report also showed that more and more investment funds are adopting a climate-orientated mandate, suggesting that the sustainable investing movement will only continue to grow in the coming years.
