“…For example, the ESG portfolio "MSCI USA ESG Select" excludes one of the major oil producers, i.e., Exxon Mobil. Indeed, companies with poor ESG profiles, measured by higher carbon emissions, present a higher extreme risk (Ilhan et al 2019). However, stocks in the renewable energy sector, such as Sunrun Inc. and SolarEdge Technologies Inc., have recently witnessed strong performances and have largely outperformed technology winners, such as Amazon, Apple, and Facebook.…”