(MENAFN) Investments by sovereign stakeholders into funds and businesses complying to environmental, social, and governance norms more than tripled last year, while state investment departments proceeded to enlarge their portfolios with sustainability-related assets.
According to Finbold.com and statistics from industry monitor Global SWF, sovereign wealth funds boosted their ESG investments to USD22.7 billion by the end of 2021, up from 7.2 billion recorded in 2020.
At the end of 2021, there were 37 sustainability-related agreements on investment, jumping from 19 in the previous year.
In 2019 USD5.2 billion was invested in businesses and funds that monitor sustainable shares and bonds. Prior to the spike in 2021, it stayed fairly low during the previous six years, while the least cost of USD3.7 billion in 2016.
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