Five themes that will shape sustainable investing in 2026

Building on recent political and market shifts, our 2026 themes explore sustainability challenges and industry-wide trends that now shape financial decision-making. The key takeaway for 2026? A new era of pragmatism is emerging – building on the recent shift towards viewing sustainability as both a near-term and long-term resilience strategy, alongside growing awareness of the costs of misjudging environmental, social and governance factors. We expect this trend to accelerate throughout 2026, particularly in the following interconnected themes:

1. Sovereignty – mobilising investment

2.Transition financing – improving definitions (and capital flows)

3. Digital resilience – strengthening guardrails

4. Infrastructure – offering diversification opportunities

5.Pricing risks – accounting for harm