Drawing in the money

Assets in global sustainable funds hit a record high of US$1.65 trillion (up 29% from the previous quarter) as at end-December 2020, according to a report by Morningstar.

ALTHOUGH there is no global single definition, ESG, which stands for environmental, social and governance, essentially takes into account those issues.

The environmental pillar in ESG typically includes a company’s impact concerning climate change, preservation of natural resources, and pollution and waste.