SINGAPORE stock indices focused on environmental, social and governance (ESG) strategies slightly outpaced the benchmark Straits Times Index (STI) in 2023, potentially benefitting from the bullishness over renewable energy.

The iEdge-OCBC Singapore Low Carbon Select 50 Capped Index had 0.9 per cent in total returns this year as at Dec 7, while the iEdge SG ESG Leaders Index returned 0.1 per cent. Both indices slightly outperformed the STI’s drop of 0.6 per cent in the same period.