全球ESG投資行業(yè)市場前景及投資研究報告-培訓課件外文版2024.6

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TRENDSESGinvestingCHAPTER

01ESGassetsAssetsizeofsustainablefundsworldwideasofthesecondquarterof2023,byregion(inbillionU.S.dollars)AssetsofsustainablefundsworldwideQ22023,byregion2,5002,0001,5001,0005002,368313672725340EuropeUnitedStatesAsia(excl.Japan)Australia&NewZealandCanadaJapan3Description:EuropeansustainablefundsheldthemorethantwotrillionU.S.dollarsofsustainableassetsasofthesecondquarterof2023,whichismorethanseventimesthevalueofassetsofsustainablefundsintheUnitedStates.Asia,excludingJapan,wasthethirdlargestregionforassetsofsustainablefunds,reachingover50billionU.S.dollarsby2023.ReadmoreNote(s):Worldwide;Q22023Source(s):ESGClarityGlobalESGETFassetsfrom2006toNovember2023(inbillionU.S.dollars)GlobalESGETFassets2006-202360048050040030020010004033912037839412312151696111181152006200720082009201020112012201320142015201620172018201920202021202220234Description:ThevalueofassetsallocatedtoETFfunds,whichincludedenvironmental,social,andgovernance(ESG)goalsintheirstrategy,increasedmarkedlyfromfivebillionU.S.dollarsin2006to391billionU.S.dollarsin2021.AsofNovember2023,allocatedassetsreached480billionU.S.dollars.Investmentinsustainablefunds,includingETFs,wasprimarilydrivenbydevelopedmarketsmainlyinEuropeandtheUnitedStates.ReadmoreNote(s):Worldwide;2006toNovember2023Source(s):ETFGIAssetsundermanagementofsustainablefundsworldwidefrom2018toDecember2023(inbillionU.S.dollars)AUMofsustainablefundsworldwide2018-20234,0003,5003,0003,3683,3603,2562,9532,9262,7962,5242,5002,0001,5001,0005001,8331,7791,6091,4370FY2018Jun2019Dec2019Jun2020Dec2020Jun2021Dec2021Jun2022Dec2022Jun2023Dec20235Description:From2018to2021,thelevelofassetsundermanagement(AUM)ofsustainablefundsworldwidesteadilyincreased,reachingapeakinDecember2021.June2022sawadecreaseinAUMdowntoroughly2.8trillionU.S.dollars.Asof2023,thelevelofAUMincreasedonceagainto3.36trillionU.S.dollars.ReadmoreNote(s):Worldwide;2018toDecember2023;97,000funds;Analysisincludesclosed-endfunds,exchange-tradedfundsandopen-endfunds.Source(s):MorganStanleyAveragenetweightofsustainableandtraditionalequityfundsworldwidein2023,bysectorAveragenetsectorweightofsustainableandtraditionalequityfundsworldwide,2023SustainablefundsTraditional25%19.2%20%15%10%5%17.6%16.2%11.7%15.4%12.1%11.4%11%9.6%9.8%6.8%6.4%6.2%5.7%5.6%

5.8%5%4.8%5%4.2%3.7%2.1%0%6Description:In2023,thetechnologysectoraccountedforthelargestportionofportfolioallocationamongtraditionalfunds.Financialsrankedsecond,accountingfor15.4percentoftraditionalequityfundsportfolioallocation.Technologyinvestmentsalsotookpriorityamongsustainableequityfunds,accountingforalmost20percentofthetotalportfolioallocation.ReadmoreNote(s):Worldwide;2023;97,000funds;Analysisincludesclosed-endfunds,exchange-tradedfundsandopen-endfunds.Source(s):MorganStanleyCHAPTER

02TopfundsLeading10sustainablefundsinEuropeasof4thquarter2023,bynetflows(inbillionU.S.dollars)LeadingsustainablefundsinEuropeQ42023,bynetflowsNetinflowsinbillionU.S.dollars0.2

0.40.00.60.81.01.21.4iSharesMSCIUSAESGEnhancedETFAmundiMSCIWorldESGClimateNetZeroAmbitionCTBETFCreditSuisseEquitySwitzerlandTotalMarketESGBlueJPMorganUSResearchEnhancedIndexEquity(ESG)ETFiSharesMSCIEuropeESGEnhancedETF1.291.010.980.910.91AmundiEuroGovernmentTiltedGreenBondETFAcciSharesMSCIEMUESGEnhancedETF0.870.840.830.810.79HandelsbankenGlobalIndexCriteriaAllianzFloatingRateNotesPlusXtrackersMSCIWorldESGETF8Description:TheleadingESGfundinEuropeattheendof2023wasiSharesMSCIUSAESGEnhancedETF,withnetinflowsofaround1.29billionU.S.dollars.ThefollowingtwoESGfundswiththelargestinflowswereAmundiMSCIWorldESGClimateNetZeroAmbitionCTBETFandCreditSuisseEquitySwitzerlandTotalMarketESGBlue,andthelatterbeinglaunchedlessthanayearago.ReadmoreNote(s):Europe;Q42023Source(s):MorningstarLeading10sustainablefundsintheUnitedStatesasof4thquarter2023,bynetflows(inmillionU.S.dollars)LeadingsustainablefundsintheU.S.Q42023,bynetflowsNetinflowsinmillionU.S.dollars100

20003004005006007008009001,000943iSharesMSCIUSAESGSelectETFXtrackersEmergingMarketsCarbonReductionandClimateImproversETFVanguardFTSESocialIndex291226218InvescoSolarETFFidelityU.S.SustainabilityIndex19518914712511293VanguardESGU.S.StockETFiSharesESGU.S.AggregateBondETFNorthernGlobalSustainabilityIndexCalvertCoreBondDimensionalUSSustainabilityCore1ETF9Description:TheleadingESGfundintheUnitedStatesattheendof2023wasiSharesMSCIUSAESGSelectETF,withnetinflowsofalmostonebillionU.S.dollars.ThefollowingtwoESGfundswiththelargestinflowswereXtrackersEmergingMarketsCarbonReductionandVanguardFTSESocialIndex.Infact,sixoutofthemostpopularsustainablefundsintheUnitedStatesasoffourthquarter2023wereETFs.ReadmoreNote(s):UnitedStates;Q42023Source(s):MorningstarLeadingESGETFsintheUnitedStatesasofSeptember2023,bynetassetsandnumberofholdings(inmillionU.S.dollars)LeadingESGETFsintheU.S.2023,bynetassetsandnumberofholdingsNetassetsinmillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,0004,0403,8104,500iSharesMSCIUSAESGSelectETF(NYSEARCA:SUSA)iSharesMSCIKLD400SocialETF(NYSEARCA:DSI)iSharesGlobalCleanEnergyETF(NASDAQ:ICLN)InvescoWaterResourcesETF(NYSEARCA:PHO)InvescoSolarETF(NYSEARCA:TAN)3,4801,9001,630XtrackersMSCIUSAESGLeadersEquityETF(NYSEARCA:USSG)NuveenESGLarge-CapGrowthETF(CBOE:NULG)iSharesESGMSCIUSALeadersETF(NASDAQ:SUSL)XtrackersS&P500ESGETF(NYSEARCA:SNPE)1,2801,2601,140885.15SheltonSustainableEquityInvestor(NASDAQ:NEXTX)188.0210Description:AsofSeptember2023,thethreetopspotsofthelargestEnvironmental,Social,andCorporategovernance(ESG)relatedETFbynetassetswereallBlackrock-managedETFS.iSharesMSCIUSAESGSelectETFrankedinfirstplace.ThisETFfollowstheinvestmentresultsofanindexmadeupofU.S.companiesthathavepositiveenvironmental,social,andgovernancecharacteristics.ReadmoreNote(s):UnitedStates;September2023Source(s):InsiderMonkey;Yahoo!FinanceTopESGexchangetradedfunds(ETFs)worldwidein2023,byYTDperformanceTopESGETFsworldwide2023,byYTDperformanceYeartodate(YTD)performance0%

10%

20%

30%40%50%60%70%80%90%100%97.97%110%WBLKWisdomTreeBlockchainUCITSETF54.23%MTVS·L&GMetaverseESGExclusionsUCITSETFCHIPAmundiMSCISemiconductorsESGScreenedUCITSETFSMH·VanEckSemiconductorUCITSETF51.04%49.63%46.23%43.93%XAIXXtrackersArtificialIntelligence&BigDataUCITSETFINTLWisdomTreeArtificialIntelligenceUCITSETFIDRViSharesSelf-DrivingEVandTechETF31.07%30.93%ELCRLyxorMSCIFutureMobilityESGFiltered(DR)UCITSETFMTVSL&GGoldMiningUCITSETF22.53%22.09%WDTEInvescoS&PWorldInformationTechnologyESGUCITSETF11Description:AsofJuly2023,theWisdomTreeBlockchainUCITSETFlistedunderthetickersymbolWBLKhadayear-to-dateperformancerateof97.97percent.Thiswasmorethan40percentabovetheperformancerateofL&GMetaverseESGExclusionsUCITSETF,thenexthighest-rankingESGETF.ReadmoreNote(s):Worldwide;July2023Source(s):TrackinsightTopESGETFsintheU.S.in2023,bytotalnetassets(inmillionU.S.dollars)TopESGETFsintheU.S.2023,bytotalnetassetsTotalnetassetsinmillionU.S.dollars05001,0001,5002,0002,5003,0003,5004,0004,0404,500iSharesMSCIUSAESGSelectETFiSharesMSCIKLD400SocialETFiSharesGlobalCleanEnergyETFInvescoWaterResourcesETF3,8103,4801,900InvescoSolarETF1,630XtrackersMSCIUSAESGLeadersEquityETFInvescoWaterResourcesETF1,2801,2601,140iSharesESGMSCIUSALeadersETFXtrackersS&P500ESGETF885.15SheltonSustainableEquityInvestor188.0212Description:iSharesMSCIKLD400SocialETFwasthesecond-largestESGETFintheUnitedStatesbytotalnetassets.iSharesGlobalCleanEnergyETFrankedthirdoverall,having330millionU.S.dollarslessinassets.

ReadmoreNote(s):NorthAmerica,CentralandSouthAmerica,LAC;2023Source(s):Yahoo!FinanceLargestESGETFsintheAmericasasofJuly2023,basedonassetsundermanagement(inmillionU.S.dollars)LargestESGETFsbyAUMintheAmericas2023AUMinmillionU.S.dollars1,000

2,000

3,00004,0005,0006,0007,0008,0009,0008,85810,000iSharesMSCIUSASRIUCITSETFSUASiSharesMSCIUSAESGEnhancedUCITSETFEEDSSPDRBloombergSASBU.S.CorporateESGUCITSETFSPPUXtrackersMSCIUSAESGUCITSETFXZMU7,0876,7066,253iSharesMSCIWorldSRIUCITSETFSUSW5,4465,5945,2325,105iSharesMSCIUSAESGEnhancedUCITSETFEDMUiSharesGlobalCleanEnergyUCITSETFDNRGiSharesMSCIUSAESGScreenedUCITSETF-AccumulatingSGASAMUNDIINDEXMSCIUSASRIPABUCITSETFUSRIXtrackersMSCIWorldESGUCITSETFXZW04,5014,10913Description:AsofJuly2023,theleadingEnvironmental,Social,andCorporategovernance(ESG)relatedETFbyAssetsUnderManagement(AUM)wastheiSharesMSCIUSASRIUCITSETF.TheiSharesMSCIUSAESGEnhancedUCITSETFrankedsecondmanagingassetsworthoversevenbillionU.S.dollars.ReadmoreNote(s):NorthAmerica,CentralandSouthAmerica,LAC;January2023Source(s):Website()Largestsociallyresponsible(SRI)ETFsinEuropeasofJanuary2024,byfundsize(inmillioneuros)LargestsociallyresponsibleETFsinEuropeasofJanuary2024,byfundsizeAssetsundermanagementinmillioneuros500

1,000

1,500

2,00002,5003,0003,5004,0003,8464,500iSharesMSCIEuropeSRIiSharesMSCIEuropeESGEnhancediSharesMSCIEuropeESGScreened3,0772,5532,357AmundiIndexMSCIEuropeSRIPABXtrackersMSCIEuropeESG1,885AmundiMSCIEMUESGLeadersSelectiSharesMSCIEuropeESGEnhancediSharesMSCIEMUESGEnhanced1,4461,4191,3571,1551,068AmundiMSCIEuropeESGLeadersJPMorganEuropeResearchEnhancedIndexEquity(ESG)14/statistics/1297174/largest-sri-etfs-in-europeThelargestsociallyresponsible-SRI-ETFinEuropeasofJanuary2024wasiSharesMSCIEuropeSRI,withassetsundermanagementwortharound3.85billioneuros.iSharesMSCIEuropeESGEnhancedfollowedwithafundsizeofnearly3.01billioneuros.ReadmoreNote(s):Europe;January31,2024Source(s):WebsiteLeadingsociallyresponsible(SRI)ETFsinEuropeasofJanuary2024,by1-yearreturnLeadingsociallyresponsibleETFsinEuropeasofJanuary2024,by1-yearreturn1-yearreturn5%0%10%15%20%25%DekaOekomEuroNachhaltigkeitUCITSETFUBSETF(LU)EuroStoxx50ESGUCITSETF(EUR)A-dis21.88%17.51%iSharesDowJonesEurozoneSustainabilityScreenedUCITSETF16.4%15Description:Theleadingsociallyresponsible-SRI-ETFinEuropeasofJanuary2024,basedon1-yearreturn,wasDekaOekomEuroNachhaltigkeitUCITSETFwithareturnofroughly21.9percent,roughlyfourpercenthigherthantheUBSETF(LU)EuroStoxx50ESGUCITSETF(EUR)A-diswhichrankedsecond.ReadmoreNote(s):Europe;January31,2024Source(s):WebsiteCHAPTER

03ESGpoliciesShareofreportingframeworksreferencedinstockexchangeESGguidanceworldwide2023,byframeworkReportingframeworksreferencedinstockexchangeESGguidanceworldwide2023Shareofstockexchanges0%10%20%30%40%50%60%70%80%90%100%96%110%GlobalReportingInitiativeSustainabilityAccountingStandardsBoardInternationalIntegratedReportingCouncilCDP79%76%70%TaskforceonClimate-relatedFinancialDisclosuresClimateDisclosureStandardsBoard63%36%17Description:Accordingtoa2023study,96percentofstockexchangesworldwidereferencethesustainabilityreportingframeworkmaintainedbytheGlobalReportingInitiativeasapartoftheirenvironmental,socialandgovernance(ESG)guidance.Thiswasthemostcommonsustainabilityframeworkreferenced,buttherewereanotherfourframeworksreferencedbymorethan50percentofexchanges.Thisindicatesthereissignificantdivergencebetweendifferentstockmarketsoverhowtodefineand[...]

ReadmoreNote(s):Worldwide;2023Source(s):UNCTADLeadingmethodsusedbyinstitutionstoimplementenvironmental,socialandgovernance(ESG)worldwidein2023LeadingmethodsusedbyinstitutionstoimplementESGworldwide2023Shareofinvestors0%5%10%15%20%25%30%35%40%45%50%49%55%ESGintegrationExclusionaryscreeningBest-in-classselectionImpactinvesting33%31%29%Activeownership28%Thematicinvesting28%18Description:Roughlythreeinevery10institutionsengageinimpactinvestingasamethodusedtoimplementenvironmental,socialandgovernance(ESG).Themostpopularmethodofimplementation,wasESGintegration.ReadmoreNote(s):Worldwide;2022to2023;9,491respondentsSource(s):NatixisInvestmentManagersThedegreetowhichpoliticizationofESGhasimpactedinstitutionalinvestorsworldwidein2022ImpactofESGpoliticizationoninstitutionalinvestingworldwide2022Shareofrespondents30%0%10%20%40%50%60%70%EMEAAsia62%58%Global57%UK56%NorthAmericaLatinaAmerica52%40%19Description:Asiahadthesecondhighestlevelofinstitutionalinvestors,notingthepoliticizationofenvironmental,social,andgovernance(ESG)haschangedhowtheyinvest.Asiarankedonepercentabovetheglobalaverageof57percent,andfourpercentbehindEurope.ReadmoreNote(s):Worldwide;OctobertoNovember2022;500respondents;InstitutionalinvestorsSource(s):NatixisInvestmentManagersLeadingchallengesfacingfirmswhenpreparingenvironmental,socialandgovernance(ESG)assuranceworldwidein2023LeadingchallengesfacingfirmswhenpreparingESGassuranceworldwide2023Portionofrespondents0%5%10%15%20%25%30%35%40%45%44%50%Highinitialcosts/inefficientbudgetLackofinternalskillsandexperienceLackofclarity/evolvingregulationsInadequatesupplierESGperformanceInsufficientIT/digitalsolutions44%42%42%39%Lackofclearmetrics/measurementtools36%20Description:Sixprimarychallengeswereoutlinedascausingdifficultiesforglobalfirmswhenpreparingenvironmental,socialandgovernance(ESG)assurance.Manyofthesechallengesdirectlyrelatedtoalackofresources.Thetwotoprankingbarrierslistedbyfirmswerealackofskillsandalackofbudget.ReadmoreNote(s):Worldwide;2023;750respondents;Thesurveygroupwasmadeupofseniorexecutivesandboardmembersacrossglobalindustries.andboardmembersSource(s):KPMGFrequencyofenvironmental,socialandgovernance(ESG)stafftrainingamongfirmsworldwidein2023,byESGadvancementlevelFrequencyofESGstafftrainingamongfirmsworldwide2023PortionofrespondentsAdvancers/Beginners20%Leader0%10%30%40%50%60%1%NeverAdhoc7%2%52%Annually15%34%RegularlythroughouttheyearRegularcompulsorytrainingwithtesting54%6%29%21/statistics/1454248/frequency-of-esg-staff-trainingOnepercentoffirmsconsideredtobeintheadvancersorbeginnerscategorynotedneverengaginginenvironmental,socialandgovernance(ESG)training.Over80percentoffirmsintheleader'scategorystatedengagementinregularESGtraining.

ReadmoreNote(s):Worldwide;2023;750respondents;seniorexecutivesandboardmembersacrossglobalindustriesSource(s):KPMGLeadingmethodsforenvironmental,socialandgovernance(ESG)ETFevaluationamonginstitutionalinvestorsandfirmsworldwidein2023LeadingmethodsforESGETFevaluationamonginvestorsandfirmsworldwide2023ShareofrespondentsTotalGreaterChina0%

10%Europe20%U.S.30%40%50%47%60%70%80%90%56%58%62%Third-partyratingsIn-house/proprietaryESGratingscriteria28%63%67%56%64%67%79%Reviewcompanystatements/reportsforunderlyingholdingsBrandrecognitionofETFmanager44%44%49%39%42%11%SustainableFinanceDisclosureRegulation(SFDR)articleclassificationsWedon'thaveaprocesstoevaluateESGETFs35%2%2%2%4%22Description:Thesecondmostpopularmethodforevaluatingenvironmental,socialandgovernance(ESG)ETFsamonginstitutionalinvestors,financialadvisors,andfundmanagerswasanin-house/proprietaryESGratingscriteria.Thismethodrankedglobaltwopercentagepointsbehindtheuseofreviewcompanystatements/reportsforunderlyingholdings.ReadmoreNote(s):Europe,China,Taiwan,UnitedStates;2023;325respondents;ThesurveygroupwasmadeupofETFinstitutionalinvestors,financialadvisors,andfundmanagersSource(s):BrownBrothersHarrimanCHAPTER

04TargetsanddriversMosttargetedSustainableDevelopmentGoal(SDG)ofESGETFsworldwidein2024,byassets(inbillionU.S.dollars)MosttargetedUNSDGofESGETFsworldwide2024,byassetsAssetsundermanagementinbillionU.S.dollars10

20

3004050607080Goal13.ClimateactionGoal7.AffordableandcleanenergyGoal9.Industry,innovation,andinfrastructureGoal6.CleanwaterandsanitationGoal11.SustainablecitiesandcommunitiesGoal16.Peace,justice,andstronginstitutionsGoal1.Nopoverty73.915.114.19.45.34.72.62.11.1Goal3.Goodhealthandwell-beingGoal15.LifeonlandGoal5.Genderequality1.11.1Goal8.DecentworkandeconomicgrowthGoal12.ResponsibleconsumptionandproductionGoal17.Partnershipsforthegoals0.850.3324Description:Goalnumber13oftheSustainableDevelopmentGoals(SDG)designedbytheUnitedNationswasthemosttargetedbyglobalESGETFsasof2024,withassetsworth73.9billionU.S.dollarslinkedtothisgoal.The13thSDGistheclimateactiongoal,withthepurposeof"takeurgentactiontocombatclimatechangeanditsimpacts".Thesecondandthirdmosttargetedgoalsintermsofassetswerenumber7-affordableandcleanenergy-,andnumber9-industry,innovation,andinfrastructure.

ReadmoreNote(s):Worldwide;2024Source(s):TrackinsightMosttargetedSustainableDevelopmentGoal(SDG)ofESGETFsworldwidein2024,bynumberofETFsMosttargetedUNSDGofESGETFsworldwide2024,bynumberofETFsNumberofETFs100050150200250300Goal13.ClimateactionGoal7.Affordableandcleanenergy28083Goal9.Industry,innovation,andinfrastructure54Goal11.SustainablecitiesandcommunitiesGoal3.Goodhealthandwell-beingGoal6.CleanwaterandsanitationGoal5.Genderequality33171615Goal1.NopovertyGoal15.Lifeonland99Goal2.Zerohunger8Goal16.Peace,justice,andstronginstitutionsGoal12.ResponsibleconsumptionandproductionGoal14.Lifebelowwater77525Description:Goal13oftheUnitedNation'sSustainableDevelopmentGoals(SDG)-climateaction-wasthemosttargetedbyglobalESGETFsin2024.Amongthe552ESGETFsthattargetedtheSDGs,280targetedthe13thgoal.Affordableandcleanenergy(goalnumber7)wasthesecondmosttargetedgoal,with82ETFsasofFebruary2024.ReadmoreNote(s):Worldwide;2024Source(s):TrackinsightEnvironmental,social,andcorporategovernance(ESG)driversimpactinginvestmentdecisionsworldwidein2023,byregionESGdriversimpactinginvestmentdecisionsworldwide2023,byregionShareofrespondentsCanada10%APAC20%UnitedStates30%Europe40%0%50%60%70%80%ESGRatingsESGcontroversyGHGemissionsPhysicaland/ortransition-relatedclimaterisksUNSDGalignmentESGratingatthebondlevelDiversity,Equity,andInclusionperformancePrincipalAdverseImpact(PAI)IndicatorsRegionalTaxonomyalignment26Description:In2023,theleastimpactfuldriveramonginstitutionalinvestorswastheregionaltaxonomyalignment.Lessthan20percentofinstitutionalinvestorssurveyedstatedthisasadriverimpactinginvestmentdecisions.Environmental,social,andcorporategovernance(ESG)ratingswerethetopfactorinfluencingfactoraffectinginvestmentdecisions.ReadmoreNote(s):Canada,Europe,UnitedStates,APAC;2023;110institutionalinvestorsSource(s):RBCWealthManagementTopdebtinstrumentsforsupportinganissuer'stransitiontoasustainablestrategyworldwidein2023,bysecuritytypeTopsustainabledebtinstrumentsforsupportingissuerstransitionworldwide2023ShareofrespondentsAPACEurope0%U.S.Canada5%10%15%20%25%30%1%Indifferent,aslongastheissuerhasasolidandcrediblesustainabilitystoryandstrategy26%11%20%2%3%2%Sustainability-LinkedBonds,becauseESGtargetsbettercapturethetransitionobjectivesoftheissuer9%2%GreenBonds,becauseinvestingingreenprojectsshowshighercredibilityandcommitment4%3%4%0%TransitionBonds,becauseinvestingincertaintransitionassetscanstillyieldmaterialenvironmentalbenefitsagainstmorepollutingtechnologies2%2%8%27Description:In2023,manyoftheinstitutionalinvestorssurveyeddidnotexpressinterestinaspecificstrategywheninvestinginsustainabledebtsecurities.Almost60percentofthosesurveyednotedbeingindifferent,mainlyprioritizingdebtinvestmentwithcrediblestoriesandinvestments.ReadmoreNote(s):Canada,Europe,UnitedStates,APAC;2023;110institutionalinvestorsSource(s):RBCWealthManagementPerceiveddemandforsustainablefundsagainstnon-sustainablefundsin2023inEuropeandNorthAmerica,byregionPerceiveddemandforsustainablefunds2023inEuropeandNorthAmericaShareofrespondentsDecrease40%Nochange60%Increase0%20%80%100%120%UnitedStates14%43%43%Europe

4%Canada

4%41%56%48%48%28Description:In2023,thevastmajorityofinvestorsencounteredunchangedorincreaseddemandforsustainablefundsrelativetonon-sustainablefundsacrossallregions.TheUnitedStateshadthehighestlevelofdecreaseddemand,with14percent.However,thistrenddidnotcarryovertoCanada,whereover95percentofinvestorsstatedstableorincreasingdemand.

ReadmoreNote(s):Canada,Europe,UnitedStates,APAC;2023;110institutionalinvestorsSource(s):RBCWealthManagementCHAPTER

05PerformanceComparisonoftheeffectoftheS&P500ESGandS&P500indicesbetweenFebruary2021andFebruary2024(instandardizedindexpoints)PerformancedifferencebetweentheS&P500ESGandS&P500indexes2021-2024S&P500ESG*S&P500145135125115105958530Description:Untilthethirdquarterof2021,theS&P500andtheS&P500ESGindexexhibitedsimilarperformance,bothindexeswereweightedtosimilarindustriesastheS&P500followedtheleading500companiesintheUnitedStates.Bythefourthquarterof2021,theS&P500ESGindexbegantosteadilyoutperformtheS&P500byfourpointsonaverage.Duringthecoronaviruspandemic,thetechnologysectorwasoneofthebest-performingsectorsinthemarket.The[...]

ReadmoreNote(s):Worldwide;February22,2021andFebruary22,2024Source(s):S&PGlobalMedianreturnsonsustainablefundscomparedtonon-ESGfundsworldwidefrom1sthalfof2019to2ndhalfof2023Medianreturnsofsustainablefundsvs.otherfundsworldwideH12019-H22023Sustainablefunds20.5%Traditionalfunds25%20%15%10%5%17.3%12.8%10.4%6.7%3.6%6.3%5.6%5.3%4.6%4.5%4.2%1.8%0.4%0.5%0%-3.7%-4.4%-5%-10%-15%-20%-25%-15.4%-20.2%H12019H22019H12020H22020H12021H22021