Sovereign wealth funds ESG investments surge by over 200% in 2021
Sovereign wealth funds are the latest class of investors increasingly focusing on sustainability-centred products. The involvement comes as investors continue to push asset managers to focus on Environmental, Social, and Governance (ESG) products.
According to data acquired by Finbold, sovereign wealth funds investments in the ESG space globally surged 215.27% between 2020 and 2021, from $7.2 billion to $22.7 billion. Over the same period, the number of deals increased from 19 to 37.