Wird sich die Aktienrallye 2025 fortsetzen?

Impact investing provides a way for private capital to help tackle some of the pressing issues of our time, such as air, water and soil pollution, climate migration and the ageing of many countries’ populations.

The backdrop in 2025 remains favourable for impact investing as critical environmental and societal problems have taken a back seat over the last few years given the worries around macroeconomic factors and geopolitical tensions, while market returns have been dominated by the ‘Magnificent Seven’. However, the challenges we are facing, such as air, water and soil pollution, climate migration, the ageing of many countries’ populations, the speed of technological change and social implications coupled with an increase in inequality have only worsened.

Impact investing is a way for private capital to be deployed to help tackle these issues and has been backed by regulatory changes in the UK and the EU, which affect both corporates and investors. This is important, as according to the latest UN Sustainable Development Goals (SDGs) progress, only 17% of the SDG targets are on track, nearly 50% are showing minimal or moderate progress, and progress on 30% has stalled or even regressed¹. In terms of expectations for 2025, sectors which benefit from decarbonisation and electrification should continue to see robust demand. Some drivers of this demand are secular; some 750 million people globally lack access to electricity, while the growth in data centres equates to 800TWh in new electricity consumption² – similar to that consumed by the whole of Germany. In terms of 2025, it is estimated we will see 20% annual growth in demand for electric vehicles³, which remains a core investment opportunity. With regards to the US, despite all the rhetoric around recent elections, over the past fifteen years, the fact remains investment in clean energy has grown every year irrespective of the US administration.

We also expect to see a recovery in life sciences as we are in the early innings of a restocking cycle. Lastly, another big theme where we see ample opportunities in 2025 and beyond is water. There is a global imbalance between water supply and demand coupled with climate effects such as droughts and regulatory drivers around water pollution. Water is a huge ecosystem with a global total addressable market for solutions at US$800bn and global water infrastructure capital expenditure requirement of US$12.6tn over the decade⁴. The enduring source of demand for products that provide the solutions to global challenges such as these, should ensure that remains the case.