The sustainable fund market has experienced significant growth and now represents AUM of near USD3.3 trillion. It remains, however, predominantly based in Europe which accounts for 84% of the ESG open-ended and exchange-traded fund universe1 . Furthermore, near 60% of euro-denominated public fund assets are currently invested in Article 8 and Article 9 funds2 . Since 2022, momentum around sustainable funds seems to have slowed down due to factors such as macroeconomic context, high rates, ESG pushback, as well as greenwashing concerns and regulation. […]