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The Sustainable Business Review - March 2021:“‘GREEN IS GOOD’ EVIDENCE MULTIPLIES: An IMF report shows that investing in renewable energy boosts a country’s GDP more than investing in fossil fuels.” . . ."The market for ESG-oriented funds goes from strength to strength, with Fitch Ratings estimating that assets under management in ESG money market funds grew by around 50% in 2020 to €123bn and Bloomberg reporting that the $89bn net inflows to ESG exchange-traded funds (ETFs) in 2020 was almost 10 times the 2018 figure and almost triple 2019 figures. Pension funds in the UK, the U.S. and Scandinavia, with £870bn of assets, have committed to make their portfolios net-zero by 2050 or earlier. As well as the climate imperative, this is growing evidence that ESG and climate-focused funds outperform their peers. The seventh Carbon Clean 200 index from As You Sow and Corporate Knights reveals that the Clean200 outperformed its MSCI ACWI (AllCountry World Index) peers by 47% over the year to January 31, 2021, and by 34.74% since the Clean200 was launched in July of 2016. This is backed up by Morgan Stanley’s 2020 Sustainable Reality report, which found that in 2020, U.S. sustainable equity funds outperformed their traditional peers by a median total return of 4.3% and suffered less volatility. Audrey Choi, Morgan Stanley’s chief sustainability officer, said: “Sustainable funds’ strong risk and return performance during an exceptionally turbulent year further erodes the persistent misconception that sustainable investing requires a performance sacrifice.” At a macro level, a new IMF report shows that investing in renewable energy and biodiversity conservation do more to boost a country’s GDP than investing in fossil fuels or activities that destroy ecosystems. Specifically, the report finds that spending on clean energy, like solar and wind, and nature conservation has an impact on GDP that is about two to seven times stronger – depending on the technology and the horizon under consideration – than spending on fossil fuels and unsustainable land use like industrial agriculture. And BNP Paribas Asset Management, which has just launched an Inclusive Growth fund that aims to generate returns through investment in companies with a proactive approach to reducing inequalities in income, education, gender, ethnicity, geographic origin, age or disability, has also unveiled research showing that inclusive companies generate better financial performance. Other innovative offerings include the first green bond just for retail investors, from Abundance and Northern Gas Networks, whose proceeds will help to upgrade the UK gas distribution network to make it hydrogen-ready. . . .The Sustainable Business Review is published by Reuters Events, reporting on and analysing some of the latest key happenings within sustainability. The March issue includes the potential ramifications of Emmanuel Faber’s sacking and what it could mean for stakeholder capitalism, increasing NGO pressure on banks and their funding of fossil fuels, chequered progress on net-zero progress and a whole lot more.→ Download Sustainable Business Review March 2021 issue: reutersevents.com/events/reports/docs/review-march-2021.pdf#hydrogen #GasFreeAustralia #fossilfuelfree #FossilFuelFreedom #StoryChange #energyrevolution #BusinessForFuture ... See MoreSee Less
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