Value vs values battle raging despite ESG investing boom
Local investors are over-represented in the $50 trillion market for ethical, social and governance (ESG) investments, but their advisers remain sceptical.
The total value of investments managed in Australia under a “responsible investment framework” reached $1.54 trillion at the end of last year, up from $1.28 trillion in 2020.
The figure, estimated by the Responsible Investment Association of Australasia (RIAA), represents about 3 per cent of the global market for environmental, social and governance (ESG) investing, which is worth about US$35 trillion ($53 trillion), according to Bloomberg Intelligence.
Aleks VickovichWealth editorAleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
