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But The latest information highlights that the pullback from ESG has reached Europe, the system’s conventional stronghold. ESG fairness fund outflows in the location had been $1.9bn in April.

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“US ESG flows are unfavorable, and it is probably a testimony to what is occurring while in the context of your US with an exceedingly polarised and politicised discussion about it that has frozen the behaviour on that front,” explained Elodie Laugel, Main liable investment officer at Amundi, which happens to be the second-largest sustainable fund supervisor globally soon after BlackRock.

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