“The future of green investing still seems secure–performance has been hit by a unique set of economic circumstances, younger investors are at the forefront of the ESG push, and managers are taking a second look at former no-go energy stocks as decarbonisation plans march forward.”

[COMMENTARY]Yes, a unique set of circumstances has created a situation where ESG funds are underperforming. However, should global warming continue to pan out as per IPCC forecasts, quality ESG funds should perform well over the long-term as increasing efforts are made to reduce the effects of climate change.
ESG is having a hard time but look to the long-term, by Christopher Akers, July 28, 2022, Investors Chronicle, UK.