• According to Morningstar, $84 billion was withdrawn from global sustainable funds in 2025, the first outflow since 2018.
  • Reasons include the Trump administration criticizing ESG criteria, higher returns from less sustainable investments, and geopolitical risks like the wars in Ukraine and Iran.
  • Germany has already used up its resources for 2026 by May, according to the Global Footprint Network.
  • Experts like Kevin Naumann from KPMG point out that climate disasters should prompt more, not less, sustainable investment.
  • Karsten Kührlings from GLS Investments emphasizes a long-term perspective and opportunities in infrastructure investments outside the stock market.