Visualizing the Green Investments of Sovereign Wealth Funds


This post is by Marcus Lu from Visual Capitalist


See this visualization first on the Voronoi app.

Green Investments of Sovereign Wealth Funds

Visualizing the Green Investments of Sovereign Wealth Funds

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. With $11.2 trillion in assets, sovereign wealth funds are increasingly looking to sustainable investments as the energy transition gains greater traction. Sovereign wealth funds are government-run pools of capital typically derived from surplus reserves or revenues from commodity exports. While investment in green assets have risen significantly in recent years, they still make up a small share of overall fund assets, covering less than 1% of the total. This graphic compares the investment in green and black assets across sovereign wealth funds, based on data from Global SWF.

Green Assets Outpace Black Assets

In 2023, sovereign wealth funds held $26 billion in green investments—surpassing black investments by more than double. While green assets include investments in renewable energy and electric vehicles, black assets are seen across fossil fuels and finite resources. Below, we show the growth in green investments in these funds since 2018:
YearBlack Assets
Value of Investments
Black Assets
# of Investments
Green Assets
Value of Investments
Green Assets
# of Investments
2023$12B15$26B91
2022$7B11$19B51
2021$7B8$24B47
2020$15B17$8B21
2019$14B19$6B20
2018$16B16$6B20
Nearly half of green assets were held by Gulf (Read more…)