We called 2019 The Inflection Point for Sustainable Investing. 2020 and 2021 were Breakout Years. We’ll nickname 2022 The Blip. It was a turbulent year with equity and bond market selloffs driven by the war between Russia and Ukraine, rising inflation, tightening central bank policy, continuing supply chain challenges,
Europe’s ongoing energy crisis, and COVID lockdowns in China. For sustainable investors, this was compounded by anti-Environmental, Social, and Governance
(ESG) sentiment, increased regulatory scrutiny, and mixed returns. This report reviews these incremental challenges in greater detail and outlines our progress in advancing partnerships and investment strategies across RAM’s platform.