"According to the firm, a lack of “standardized and comparable ESG fund performance data” has contributed to anti-ESG sentiment and criticism. Despite that backlash, global investors have continued to clamor for these funds. The firm’s data from November 2023 shows more than 20% of private-market investors have turned down fund opportunities out of concern they didn’t have adequate ESG standards."

Link: https://www.barrons.com/articles/private-market-esg-and-impact-funds-perform-in-line-with-peers-e1906b08