The survey by Cooperative Insurance found that some 85 per cent of people planning to invest into an Individual Savings Account (ISA) will consider such a fund, which is a significant increase for 67 per cent at the same time last year.

The group has stated that while this kind of fund is still in the minority, there is strong evidence to suggest that they will continue to grow.

Commenting on the issue, Mike Fox, fund manager of Sustainable Leaders Trust, said: “The increasing importance of the environment, human welfare and sustainability in society means these funds should be well-positioned to deliver consistent performance in the long-term.”

However, the data also found that around 60 per cent of investors do not intend to use their ISA allowance before the end of the current tax year.

In related news, IFA Holden & Partners recently claimed that ethical funds are not tackling climate change, reports the Guardian.

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