Investors around the world have an insatiable urge to invest in environmental, social and governance-orientated funds. Consider the numbers. Industry group Global Sustainable Investment Alliance estimates that global investment in sustainable assets rose to $35.3tn in 2020 from $22.8tn in 2016. That is an astonishing 35.9% of total global assets under management. Such funds pursue strategies ranging from integrating ESG factors into financial analysis to corporate engagement, with exclusionary or positive screening in between. Yet whether they will deliver on the ESG promise is another matter. Fund management groups ... (full story)