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Increased sustainability disclosures to give leg-up to ESG funds
Six out of ten domestic funds with an ESG mandate were launched in the financial year 2020-21 (FY21), noted the May 24 Kotak Securities Strategy report
 "Increased sustainability disclosures to give leg-up to ESG funds")
Corporate governance failings impede Asian companies ESG efforts : Report
Asian regulators should tell companies how to reform their boards to better address environmental, social and governance (ESG) challenges, according to recommendations published on Thursday
 "Corporate governance failings impede Asian companies ESG efforts : Report")
Investor Warren Buffett's ESG snub risks alienating Wall Street
Other major companies, including Citigroup Inc and Amazon.com Inc, have resisted ESG shareholder proposals
 "Investor Warren Buffett's ESG snub risks alienating Wall Street")
Governance: Putting the 'G' in ESG
A study found that over the 12 months, governance consistently ranked second, behind only a company's products, as a driver of corporate reputation
Mahindra, Reliance commit to WEF's Stakeholder Capitalism Metrics
The metrics offer a set of universal, comparable disclosures focused on people, planet, prosperity and governance that companies can report on, regardless of industry or region
 "Mahindra, Reliance commit to WEF's Stakeholder Capitalism Metrics")
Acuite Group launches firm to provide ESG ratings, assess performance
Its assessment approach includes identification of relevant risks, estimation of materiality and polarity of the risks, and evaluation of risk management framework
 "Acuite Group launches firm to provide ESG ratings, assess performance")
PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%
The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India
 "PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%")
ESG investing gathers steam worldwide amid Covid-19 pandemic: Experts
India, too, witnessed traction in ESG-related decision-making and product offerings, such as ESG-focused mutual funds, EY said.
 "ESG investing gathers steam worldwide amid Covid-19 pandemic: Experts")
Hear the drumbeat, it is green
From the PM, to regulators, to those setting global standards, to investors, to the communities companies operate in, to the millennials who will be their future customers, the drumbeat is changing
Integrating ESG into financial sector to benefit all stakeholders: Report
There has been a shift in focus of many businesses and investors from profits to people as the pandemic unrolled
 "Integrating ESG into financial sector to benefit all stakeholders: Report")
Passive funds can make managers deliver better value: Tim Edwards, S&P Dow
"Historically, Indian investors have shown a very strong home bias - investing all or nearly all of their capital, domestically," says Edwards
 "Passive funds can make managers deliver better value: Tim Edwards, S&P Dow")
ITC gains even as Street is divided on tobacco biz dependence, other issues
Brokerage upgrades led to a six per cent rise in the stock since the start of the month
 "ITC gains even as Street is divided on tobacco biz dependence, other issues")
We see ESG integration becoming mandatory: Deepak Khurana of Refinitiv
In a Q&A, Deepak Khurana, Director, Sustainable Finance and Lipper, Asia-Pacific at Refinitiv, says India has ranked high on policy community involvement with 99 per cent transparency rating
 "We see ESG integration becoming mandatory: Deepak Khurana of Refinitiv")
US, Norwegian investors pressure SBI over loan to Adani mine in Australia
Officials from New York-based BlackRock Inc. and Norway's Storebrand ASA have contacted the State Bank of India, which is majority-owned by the Indian government, about the loan.
 "US, Norwegian investors pressure SBI over loan to Adani mine in Australia")
India to play the role of global growth engine, says PM Narendra Modi
Addressing global investors, he also assured that India has systems and companies which have a high environmental, social and governance (ESG) score
 "India to play the role of global growth engine, says PM Narendra Modi")
Firms finding it hard to balance ESG with profits, says Eugene Fama
Fama, known for his empirical work on portfolio theory, asset pricing, and the efficient-market hypothesis, was speaking to Uday Kotak, managing director and CEO of Kotak Mahindra Bank
 "Firms finding it hard to balance ESG with profits, says Eugene Fama")
FPIs prune exposure in tobacco stocks over high taxes, greater ESG focus
ESG investing, or "sustainable investing" is about responsible business conduct, and cigarette firms were globally being screened out by this class of investors
 "FPIs prune exposure in tobacco stocks over high taxes, greater ESG focus")
Only 8% Indian firms have ESG-related compensation policy: Refinitiv
These findings are part of a new study on ESG
Difficulty in beating index a sign of maturity of Indian markets: Expert
"Mid caps and small caps are much more exposed to the uncertainties related to the pandemic, so it would be harder to find value and avoid mistakes"
 "Difficulty in beating index a sign of maturity of Indian markets: Expert")
India needs to look at ESG factors to attract major FDI investment: Aghi
The investment pool around the world is estimated to be about USD 45 trillion, of this USD 12 trillion comes under ESG
 "India needs to look at ESG factors to attract major FDI investment: Aghi")
