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MSCI Inc. will release the results of a quarterly review for its ESG and climate indexes this week, the first since a short-seller attack on the Adani Group triggered a $100 billion selloff
The move by SEBI would allow such scores to be assigned to more companies, making it increasingly possible for investors to assess businesses with a yardstick seen to be growing in importance
'Heartening to see banks increasing green exposure'
Standardisation woes slow ESG reform push; industry for uniform assessment criteria
Buch calls for independence of emerging economies in ESG matters, carbon credit pricing
According to industry sources, about 350-400 of the 1,000 companies have already engaged the services of sustainability consultants
Professional investors think the asset managers looking after their ESG allocations need more regulations to rein them in.
ESG focus is fairly advanced in developed realty markets and will soon become widespread in India, say industry players; the sector aims to achieve 80-90% green certifications in 4-5 years
The survey pointed out a majority of the banks did not have a separate business unit or vertical for sustainability and ESG-related initiatives
The deal would be done through a combination of primary and secondary purchases of shares
According to RBI data on external debt released, short-term debt on a residual maturity basis accounted for 44.1% of foreign exchange reserves at the end of March 2022
It is time for businesses to take stock and gear up by creating capacity and information system to anticipate new taxes and regulations around ESG and ability to factor this in their business planning
With growing concerns about climate change and the necessary mandates, the job demand in the environmental, social and governance (ESG) sector has grown over 468% in India in the last three years
Preliminary tallies showed shareholders backed all 12 of McDonald's directors and that Icahn's two nominees received approximately 1% of the vote, the company said.
Companies and boards must be prepared to face the messy reality of ESG
India must put forth its own regulatory framework to accredit ESG rating providers as universal consensus is a distant dream
Firms did better in environmental (E) parameter compared with social and governance (G), says Crisil Research
Capital markets regulator Sebi has constituted an advisory committee for advising on ESG (environment, social and governance) related matters in the securities market. The committee will be headed by HDFC Mutual Fund Navneet Munot, the Securities and Exchange Board of India (Sebi) said in a statement. Apart from Munot, the committee has experts, including R Mukundan, MD and CEO of Tata Chemicals; C Siva Kumar, executive director of NTPC, Amit Talgeri, chief risk officer at Axis Bank, Sharad Kalghtagi, ESG head Cipla; Amit Tandon founder and MD Institutional Investor Advisory Services; J N Gupta, founder and MD of Stakeholders Empowerment Services and Rama Patel, Director of Crisil Ratings. In all, the committee has 19 members and further, four Sebi officials will be secretariat to the committee as well as co-ordinator. The terms of reference of the committee include enhancements in business responsibility and sustainability report, ESG ratings and ESG investing. With regards to ..
Overall, India's rank is 120 on the world Sustainable Development Goals (SDG) index with Finland topping the tables