Esg Funds

Sebi to put in place framework to prevent frauds by stock brokers

To strengthen corporate governance norms, Sebi decided to end the practice of individuals having permanent seats on boards of listed companies

83% Asian SMEs say ESG is high priority but only 37% have roadmap

Singapore, March 27 (ANI): Last week, a report published by Bloomberg Media Studios in partnership with DBS, the largest bank in Southeast Asia, revealed that while 85 per cent of medium-sized and 75 per cent of small companies state that ESG (environmental, social, and corporate governance) is a high priority, only 37 per cent have a clear roadmap on how to achieve their goals.The report published in the form of an e-book and titled "Catalyst of Sustainability", was a result of a survey conducted in August last year involving 800 SMEs (small and medium-sized enterprises) across six markets in Asia namely India, China, Taiwan, Hong Kong, Indonesia and Singapore.The study engaged over 937 decision-makers in industries covering real estate, mobility, power, agriculture and F & B/Hospitality. In-depth interviews with 11 decision-makers from SMEs were also conducted to further understand the barriers and opportunities around sustainability.SMEs have an important role to play to ...

Sebi extends timeline until March 15 for comments on ESG rating norms

Capital markets regulator Sebi on Wednesday extended the timeline until March 15 for submission of public comments on the proposed regulatory framework on ESG rating providers. Earlier, the deadline for submission of the comments was March 8, the Securities and Exchange Board of India (Sebi) said in a notice. The regulator had placed a consultation paper for Regulatory Framework for ESG Rating Providers (ERPs) in the securities market on its website on February 22 and sought comments on the same. "It has been decided to extend the timeline for submission of comments to March 15, 2023," the regulator said. Under the consultation paper, ERPs can be allowed to register with the regulator under the CRA (Credit Rating Agencies) norms. Sebi said the role of ERPs has become important in making investment decisions but their activities are not typically subject to regulatory or supervisory at present. Also, Sebi proposed a regulatory framework on ESG disclosures by listed entities, ESG .

SBI raises $1 bn under 5-year syndicated social loan for ESG funding

Priced at three-month SOFR plus 130 bps; largest such ESG loan by bank in Asia-Pacific; to also use proceeds for affordable housing, SHG lending

JPMorgan Chase & Co investment arm purges its ESG funds of Adani stocks

BlackRock, DWS among firms still in Adani via MSCI ESG indexes

Companies disclosing ESG data report nearly 15% increase in scores

According to a report by CareEdge Research, ESG reporting by Indian corporates has improved by 160 per cent

India's green bond issuances have grown slower than peers, shows data

Dedicated ESG debt funds may be a key factor to help issuances grow

Sebi to issue consultation paper for secondary market ASBA by March

Market regulator also working on new discussion paper for ESG rating providers

Professional investors seek new ESG rules for fund management industry

Professional investors think the asset managers looking after their ESG allocations need more regulations to rein them in.

Sovereign Green Bonds: What lessons can India draw from other nations

As of mid-2022, there are 26 countries with combined volumes of $227 billion in sovereign green debt

India is counting on debut sovereign green bond to lower financing costs

The govt has developed a framework to sell the debt in line with widely-used principles from the International Capital Market Association, and is also liaising with the World Bank over best practices

A bad idea: Separating 'E' from ESG

The S and G pillars are as important as E in assessing corporate performance

Investors become increasingly sceptical of ESG amid Goldman investigation

Retail investors are slowly starting to look under the hood of the $40 trillion environmental, social and governance industry that's increasingly steering their savings

Assets of ESG funds rise 5x in four years to Rs 12,450 crore, shows data

The data from Morningstar India shows that the fund size of ESG funds stood at Rs 12,447 crore as of March 2022, up from Rs 2,268 crore in March 2019

Sustainable funds see Rs 315 crore outflow in FY21-22, says report

Investors are yet to warm up to the concept of sustainable investing with sustainable or ESG funds in India witnessing outflows of Rs 315 crore in 2021-22

FabIndia preps for IPO, seeks ESG investors without ticking 'green boxes'

Company is in talks with ESG funds and will make decisions on its investor lineup after stock market regulator clears its first-time share sale.

Reduce regulatory risks by investing in ESG funds, say analysts

They are less likely to invite punitive action and hence can be rewarding, but lack track record

Implementing Sebi's ESG framework tough for Indian companies: Rating agency

The government's clean energy push has prompted the regulator to roll out a series of rules for the country's top 1,000 listed companies

The limits of compassionate capital

It took about 13 years for someone to figure out that the profits Mr Naqvi promised weren't forthcoming

Assets under management for ESG funds up 2.5 times in FY21: Nasscom

Assets under management for environmental, social and governance (ESG) funds increased 2.5 times to $650 million in India in financial year 2021, a top official of IT industry body Nasscom said