Bloomberg Intelligence (BI) has estimated that global ESG assets will reach US$40 trillion by 2030 – the equivalent of 25% of the projected US$140 trillion in total assets under management expected by then. The report noted that the ESG market would mature and align with global regulation by the end of the decade, despite polarised sentiment, macroeconomic challenges, and a potential 70% growth reduction to 3.5% over the same period. Europe will be the most significant contributor to the growth of global ESG assets, BI said, while US ESG market risks will stagnate due to the ongoing ESG backlash in the country. These projections were based on an interactive scenario model that combined regional growth decomposition, historical trends and macroeconomic expectations. “While ESG has had a challenging few years, we see the market entering a necessary consolidation phase, characterised by slower growth and gaining maturity,” said Adeline Diab, BI’s Global ESG Research and Strategy Director. “Greater regulatory harmonisation in and across regions will also be essential to bolster credibility and sustain advances in ESG funds.”
