📉ESG Is in Its Flop Era
Bloomberg reports that despite a pullback amid political hostility, investors and business leaders still recognize that corporate behavior that benefits the environment also benefits the bottom line.
📉No doubt, green investments are having a grim year. Investors pulled $24 billion from climate-related funds during the first three quarters of 2024, according to Morningstar data. I’d be shocked if that didn’t get much worse in the fourth quarter, during which “Trump trades” of all kinds, including Bitcoin, have been ascendant.
📊Despite the fund outflow, assets in climate-related funds still rose 6% from a year earlier because their prices rose. And ESG funds overall attracted modest global inflows through the first three quarters of the year. The big exception is the US, where investors have been withdrawing money for more than two years.
📊On the other hand, cleaning up your act is a good way to make money. Stock prices of companies that pledge to reduce their carbon emissions rise “significantly and persistently” after the announcement, according to a Federal Reserve Bank of San Francisco study. The “dirtier” the company making the pledge, the bigger the gain.
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© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
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Bloomberg reports that despite a pullback amid political hostility, investors and business leaders still recognize that corporate behavior that benefits the environment also benefits the bottom line.
📉No doubt, green investments are having a grim year. Investors pulled $24 billion from climate-related funds during the first three quarters of 2024, according to Morningstar data. I’d be shocked if that didn’t get much worse in the fourth quarter, during which “Trump trades” of all kinds, including Bitcoin, have been ascendant.
📊Despite the fund outflow, assets in climate-related funds still rose 6% from a year earlier because their prices rose. And ESG funds overall attracted modest global inflows through the first three quarters of the year. The big exception is the US, where investors have been withdrawing money for more than two years.
📊On the other hand, cleaning up your act is a good way to make money. Stock prices of companies that pledge to reduce their carbon emissions rise “significantly and persistently” after the announcement, according to a Federal Reserve Bank of San Francisco study. The “dirtier” the company making the pledge, the bigger the gain.
Read full:
⬇️⬇️⬇️
en review.uz/en/e6e
ru review.uz/e6e
More analytics
⬇️⬇️⬇️
© Экономическое обозрение
© Иқтисодий шарҳ
© Economic Review
telegram | facebook | twitter|linkedin