ESG & Investing
ESG Market in US Significantly Smaller Than Earlier Thought
- Industry group cites stricter methodology for the decline
- The year was ‘extraordinary’ with greenwashing, anti-ESG push
Photographer: Eddie Seal/Bloomberg
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The US market for ESG-related products is less than half the size previously reported, according to the main umbrella organization for sustainable investing.
US SIF Foundation said sustainable assets total about $8.4 trillion this year. That’s down from the $17.1 trillion stated two years ago, with the difference largely due to changes in the methodology used to calculate the numbers. Given the research adjustment, comparing the numbers is like equating “apples and pears,” the industry group said.