![](https://coralreefwatch.noaa.gov/data_current/5km/v3.1_op/daily/png/ct5km_ssta_v3.1_global_current.png)
ESG investment momentum has slowed on both sides of the Atlantic since 2022. In 2022, for the first time in more than a decade, investors pulled more money from funds marketed as “sustainable” than they added. In the first half of 2024, the U.S. ESG market experienced net outflows of over $13 billion, on the heels of a $9 billion outflow in 2023. Morningstar, a financial research firm, found nearly 2,500 fewer sustainable funds globally in 2023 relative to the prior year and 2024 is on track for an even steeper plunge.