“Exchange traded funds investing on the basis of environmental, social and governance criteria have not beaten the market over the past decade, analysis has shown.”

[COMMENTARY] The paper titled, “Sustainability Alpha in the Real World: Evidence from Exchange Traded Funds,” has yet to be peer-reviewed and published. What is clear is that you can slice and dice the data in many different ways as well choose periods favorable or unfavorable to your biases!

Incidentally, my guess is that the big gains in tech stocks this year might enhance the picture for sustainable funds! This analysis by UK-based Scientific Beta — the paper’s author — should be done annually.
ESG ETFs fail to shine over past 10 years, by Steve Johnson, September 26, 2023, Financial Times, UK.