U.S. Sustainable Investing Assets Plunge by More Than US $8 Trillion
Sustainable investing assets in the United States have plunged by more than half to US$8.4 trillion at the end of 2021 from US$17.1 trillion at the end of 2019, according to a new report from the US Forum for Sustainable and Responsible Investment (US SIF).
The U.S. financial industry has reassessed trillions of dollars in sustainable investments, stripping them of their previously reported environmental, social and governance (ESG) status, says the 2022 biennial Report on US Sustainable Investing Trends, released this week and based on a survey of asset managers and institutional investors.
This significant revision has also triggered a huge drop in the share of the total investment market held by sustainable investments in the U.S., plunging to just 13% of US$66.6 trillion last year from 33% on US$51.6 trillion in total assets in 2019.
Photo courtesy of Kristian Niemi.
Source: Corporate Knights (link opens in a new window)
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