Investors are continuing to increase their allocation to ESG funds despite growing concerns over greenwashing, according to a survey from Capital Group.
In its third annual ESG Global Study, the firm found that only 2% of investors said they would not adopt any ESG considerations into their investment approach, rising to 7% for North American investors. The number of investors admitting to be ‘on the sidelines' about ESG have continued to steadily decrease, falling globally from 13% in 2021 and 10% in 2022, to 8% this year. In this year's survey, investors cited more convincing evidence showing a positive relationship between ESG and performance as the top adoption driver for taking a sustainable approach, rising from 33% last year to...
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