## Dataset overview

## Source details

**Canonical URL:** [Dataset overview](https://www.imf.org/-/media/files/publications/gfsr/2019/october/english/data/gfsr-oct-2019-ch6.xlsx)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2019/october/english/data/gfsr-oct-2019-ch6.xlsx.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2019/october/english/data/gfsr-oct-2019-ch6.xlsx.json)

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### Dataset description
- Worksheet count: 7 (names include "GFSR Chapter 6 Oct. 2019", "Table of Contents", "Figure 6.3.", "Figure 6.4.", "Figure 6.5.", "Figure 6.6.", "Figure 6.7.").
- Row and column samples:
  - "GFSR Chapter 6 Oct. 2019": rowCount 32, columnCount 10.
  - "Table of Contents": rowCount 20, columnCount 12.
  - "Figure 6.3.": rowCount 242, columnCount 23.
  - "Figure 6.4.": rowCount 1574, columnCount 38.
  - "Figure 6.5.": rowCount 2938, columnCount 57.
  - "Figure 6.6.": rowCount 1111, columnCount 36.
  - "Figure 6.7.": rowCount 60, columnCount 46.
- Timestamp values present in worksheet samples:
  - "2019-10-10T00:00:00.000Z"
  - "2013-07-18T00:00:00.000Z"
  - "2014-04-10T00:00:00.000Z"
  - "2014-07-03T00:00:00.000Z"
  - "2010-03-19T00:00:00.000Z"
  - "2010-03-26T00:00:00.000Z"
  - "2010-04-02T00:00:00.000Z"

### Major themes and charts included
- Sustainable Investment Strategies across Asset Classes (Figure 6.3.)
  - Net Asset Value of Funds by Investment Strategy (Trillions of US dollars) for selected years.
- Growth of ESG-Dedicated Funds (Figure 6.4.)
  - 1. Funds with an ESG Mandate by Asset Class (Number of funds).
  - 2. Assets of ESG-Listed Funds (Billions of US dollars).
- Developments in Global Sustainable Debt Markets (Figure 6.5.)
  - Series include Green bonds, Sustainability bonds, Social bonds; Green Bond Issuance by Region, by Credit Rating, by Sector; spreads and liquidity measures.
- Environmental, Social, and Governance Fund Performance (Figure 6.6.)
  - Risk-return comparisons, difference in rolling standard deviation, fees of retail sustainable funds (expense ratios).
- Challenges in Environmental, Social, and Governance Investments (Figure 6.7.)
  - ESG Reporting by Firms (scores; 100 is the best possible disclosure score).
  - ESG Disclosures over Time (percent of firms with ESG disclosure score >50).

### Key numerical findings and series (preserved exactly as in dataset)
- Figure 6.3. — Net Asset Value of Funds by Investment Strategy (Trillions of US dollars) — years shown: 2012, 2014, 2016, 2018
  - "Sustainability-themed investing": 0.083, 0.166, 0.331, 1.01766
  - "Impact/community investing": 0.089, 0.109, 0.248, 0.44426
  - "Positive/best-in-class screening ": 1.013, 0.992, 1.03, 1.84187
- Figure 6.4. — Funds with an ESG Mandate by Asset Class (Number of funds) and Assets of ESG-Listed Funds (Billions of US dollars)
  - "Equity " (number of funds by year): 310, 366, 420, 504, 576, 675, 725, 772, 816, 859, 939, 1075, 1208, 1331, 1472, 1518
  - "Equity " (assets, Billions of US dollars): 200.85370592000015, 172.9760447989998, 196.4089890389999, 252.47699435299987, 280.3709665339997, 296.44940386500065, 328.32182383200035, 439.4439271380001, 428.8432026649995, 560.6424155360003
  - "Fixed income " (number of funds by year): 77, 97, 108, 130, 145, 170, 188, 203, 220, 235, 249, 275, 303, 339, 396, 413
  - "Fixed income " (assets, Billions of US dollars): 66.41454970999996, 67.77625150700003, 82.26822584, 82.70277532300001, 88.88671003999997, 83.82431345199998, 94.63675086200003, 118.74792248499989, 119.35214340399997, 139.7472932590002
  - "Mixed allocation " (assets, Billions of US dollars): 35.02999791799999, 31.252932313, 35.10101092400003, 41.52308475699999, 45.15169174400001, 47.732479214000016, 54.507064830000004, 77.39027799599985, 77.03712845000007, 88.83444787500001
- Figure 6.5. — Select series (Billions of US dollars, percent, ratings and sectors)
  - "Green bonds": 0.408256002, 9.192602341, 32.913435994, 36.449430002999996, 86.952756867, 151.78087218000002, 168.408390779, 145.467704123
  - "Supranational": 0.346402654, 5.076004909, 8.952903894, 7.513940085, 9.979820469, 9.467593616, 11.770567336, 4.976777552
  - Credit-rating breakdown ("AAA to AA"): 100, 66.52167221164473, 54.06755440010594, 46.84142638059019, 30.318810681671682, 42.45290736014796, 40.85991314132346, 39.644416030816956
  - Sector — "Finance": 76.53267059776539, 59.3874451107543, 68.03031413923095, 68.3691989029526, 59.44541738105067, 56.688492549211254, 41.55437732274107
  - Dates and event markers present (examples): "2013-07-18T00:00:00.000Z", "2014-04-10T00:00:00.000Z", "May-2015", "Jun-2015", "Jul-2015"
  - "Mean Spread Difference" example value: -0.0292427, -0.0026536, -0.0169682 (associated with dated rows)
- Figure 6.6. — Fund performance and fees
  - Example rolling-standard-deviation difference (time series entry): 0.09495268604735108, 0.2606303349176242, 0.3614153896285206
  - Risk-return sample values:
    - Comparator global equity funds — "Monthly return (%)": 1.015641, "Volatilty (%)": 3.0291087798228706
    - Sustainable funds — "Monthly return (%)": 0.764118, "Volatilty (%)": 3.570168063270972
    - Efficient frontier — "Monthly return (%)": 0.659103, "Volatilty (%)": 0.248642
  - Fees of retail sustainable funds (expense ratio in percent) — sample entries by LIPPER ASSET TYPE:
    - "Institutional bonds": 0.6, 0.5245833
    - "Bonds ": 0.7358818, 0.8335094
    - "Passive equity": 0.427913, 0.3392292
- Figure 6.7. — ESG reporting and disclosures
  - ESG disclosure percentiles (scores; 100 is the best possible disclosure score):
    - 25th percentile (ESG, Environmental, Social, Governance): 21.9008, 12.451550000000001, 19.2982, 51.7857
    - Median (ESG, Environmental, Social, Governance): 34.5041, 28.6822, 28.0702, 58.9286
    - 75th percentile (ESG, Environmental, Social, Governance): 47.3684, 43.4109, 41.77635, 66.0714
  - Percent of firms with ESG disclosure score >50 — market examples by year:
    - "S&P 500 (US)" series: 7.062146892655368, 10.734463276836157, 11.581920903954803, 12.711864406779661, 15.254237288135593, 16.94915254237288, 16.94915254237288, 20.056497175141246
    - "Stoxx 600 (Europe)" series: 25.112107623318387, 29.14798206278027, 29.596412556053814, 30.04484304932735, 30.94170403587444, 33.18385650224215, 32.73542600896861, 36.54708520179372
    - "Topix (Japan)" series: 0.677710843373494, 1.0542168674698795, 1.2801204819277108, 1.5060240963855422, 1.8072289156626504, 2.4849397590361444, 3.38855421686747, 3.463855421686747

### Data artifacts and structure notes
- Mixed use of numeric precisions and string dates (ISO timestamps and textual month-year markers such as "May-2015", "Jun-2015", "Jul-2015").
- Several series include both counts (number of funds) and monetary aggregates (Billions of US dollars); units are indicated in figure headings.
- Some worksheet cells store formulas referencing other sheets (example in Table of Contents: formula "'GFSR Chapter 6 Oct. 2019'!B23:J23" with result "Chapter 6. Sustainable Finance: Looking Farther").

*Dataset: gfsr-oct-2019-ch6 (worksheets and sample data extracted from the supplied Excel file)*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2019/october/english/data/gfsr-oct-2019-ch6.xlsx_