ESG funds held by Italian households

17% of all investment funds is held by Italian households.This includes:

  • funds declared as ESG by the asset management companies themselves in their prospectuses;
  • funds with a sustainability rating of 4 or 5; and
  • funds with a low ESG risk rating.

The last two criteria are based on Morningstar sustainability ratings.

Sources: Banca d'Italia, Annual Report for 2020, 2021 Chapter 7.