The RBI’s suggestions to nudge businesses towards greater climate action in line with India’s green-transition plans have triggered concerns about a possible overlap between corporate social responsibility (CSR) spends and environment, social, and governance (ESG) investments. Some social-sector experts and stakeholders are apprehensive about trade-offs between climate action and non-green social activities such as healthcare and education.
Business News›Prime›Environment›CSR vs. ESG: Will RBI’s green push lead to a trade-off with health and education?
Climate Change
CSR vs. ESG: Will RBI’s green push lead to a trade-off with health and education?
Synopsis
The Reserve Bank of India’s recent proposals to spur climate action by amending CSR laws may be well-intentioned, but could lead to lack of clarity between CSR spends and ESG investments at the execution stage, impacting key sectors.
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