Publication:
Why sustainable investments matter more now - a reality check in the light of Shariah and COVID-19
Abstract
The COVID-19 pandemic continues wrecking global economies on an unprecedented scale. Despite its socio-economic damage, the pandemic has triggered a significant acceleration in Environmental, Social and Corporate Governance (ESG) and Sustainable and Responsible Investment (SRI) uptake, including a mainstreaming and maturing of responsible investment philosophies and practices. According to Morningstar, the first three months of 2021 saw US$21.5 billion of net inflows into ESG funds. This was more than the previous record of US$20.5 billion set in the fourth quarter of 2020 and more than double the US$10.4 billion seen one year ago in the first quarter of 2020. Blackrock reported that 88% of sustainable funds in their analysis outperformed their non-sustainable counterparts in the period 1 January to 30 April 2020.
Keywords
COVID-19 , Environmental, Social and Corporate Governance (ESG) , Sustainable and Responsible Investment (SRI) , Economic , Social , Wellbeing
Citation
Kasri, N. S. & Mustaque, B. (2021). Why sustainable investments matter more now - a reality check in the light of Shariah and COVID-19. The Halal Journal (July 2021). https://blog.ethis.co/why-sustainable-investments-matter-reality-check-shariah-covid19/
Publisher
Ethis Ventures