“But looking at a three-year time horizon is different. Seventy-four percent of ESG products outperformed the benchmark, with a median return of 5.9%. While environmentally focused products account for 30% of the global ESG universe — they accounted for 40% of the products that outperformed — again driven by clean energy/energy transition.”

[COMMENTARY] Recently ESG critics have enjoyed pointing to ESG investment underperformance. This article rightly points out that its long-term performance that ultimately matters, and that’s where ESG-favored investments have generally flourished.
Time to place ESG ‘underperformance’ in context, by Brendan Cooper, January 17, 2023, ESGClarity, UK.