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By Romain LEROY-CASTILLO, Director Projects at Swiss Sustainable Finance, Board member at GreenUp
Who killed the ESG party?” the Financial Times asked last July. From a somewhat niche topic a decade ago, sustainable finance has become one of the top strategic agenda items at most financial services firms in Europe. Yet, the momentum seems now to be running out of steam.
Sustainability is not trendy
While the number of sustainable investment products skyrocketed between 2019 and 2021 (driven among others by the reclassification of pre-existing products), new launches have now plummeted globally since the 2021 peak. This year, existing products even witnessed net asset outflows in all regions of the world...
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