Recently, ASN Impact Investors, the asset management division of the Netherlands-based ASN Bank, divested approximately 70 million euros worth of shares in the clothing industry. This move, although significant in terms of seriousness towards sustainable investment, represents little less than 2 percent of their 4.2 billion euros in assets under management. The decision was prompted by the lack of sufficient sustainability progress among major fashion brands such as H&M, Zara, and Asics. The focus on Environmental, Social, and Governance (ESG) continues to grow, largely driven by regulations, and growing awareness of sustainability issues. Investors are also prioritizing ESG factors in…