In our last SektorReport, we presented our new Sustainability section. We have examined the development of the overall market as well as individual sub-sectors and in detail the sub-sector Renewable & alternative energy. Market valuations in Q4 2022 had stabilized somewhat after a significant decline in the previous quarters Q2 and Q3 2022. This trend continued in Q1 2023 - in addition, the sustainability market ratings have risen disproportionately compared to the STOXX Europe 600.

In our current SektorReport Sustainability Q1 2023, we place a special focus on the subsector Water infrastructure & technologies and shed light on the background to the recent acquisition of the Australian Pensar Construction Group by the RSK Group. The index of the sub-sector Water infrastructure & technologies has at times been above the Sustainability Index and significantly above the STOXX Europe 600 in the past few years. The Water infrastructure & technologies Index has now closely aligned itself with the general Sustainability Index in recent months - the observed market valuations go up in step.

Our SektorReports are available in German language. If you have further questions regarding this topic, feel free to get in touch.