Storebrand has the most ESG focused fund, say Morningstar. The Norwegian asset manager currently has EUR33bn of assets under management in sustainable funds which, according to a Morningstar report, is the most ESG focused of any manager. The report highlights Nordic fund managers’ prevalence in the industry for sustainable funds with other major firms being Swedbank and Handelsbanken.

Morningstar also say that sustainable fund launches this year are set to exceed 2018 with 168 so far in the six months to June compared with 305 in all of last year.