ESG RATING PROVIDER
ESG consultancies and services on the rise as companies rush to get sustainability tag
Emerging consultancies and ESG services companies have a lot of opportunities but struggle due to lack of awareness and data.
IFSC regulator looking to allow NBFCs operate as risk aggregators
The International Financial Services Centres Authority is exploring the option of non-bank financial players acting as risk aggregators for small customers in GIFT City to facilitate FX transactions and manage interest rate risk exposures.
Sebi gives nod to ICRA's arm to provide ESG ratings
Capital markets regulator Sebi has given approval to ICRA's subsidiary Pragati Development Consulting Services Ltd (PDCSL) to provide environmental, social, and governance (ESG) ratings.
Sebi gives approval to CRISIL subsidiary to provide ESG ratings
The Securities and Exchange Board of India (Sebi) has approved CRISIL ESG Ratings & Analytics Limited as a Category 1 provider of environmental, social, and governance (ESG) ratings. The approval comes at a time when ESG disclosures are improving and financial markets recognize the need for independent ESG ratings.
ESG goals transitioned from mere discussions to essential elements in corporate landscape: Alok Verma, Ashok Leyland
ESG is impacting the business strategy of OEMs in multiple ways from demonstrating product stewardship on alternative fuels or battery electric vehicles to adopting better practices across operations.
IIT Kanpur’s e-Masters degree is providing finance professionals with a competitive edge to stay ahead of the curve
IIT Kanpur's e-Masters in finance explores interdisciplinary aspects, adapting to the evolving financial landscape. With high FinTech adoption in India, the program offers advanced knowledge for professionals. Alumni benefits and flexible learning enhance career opportunities.
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Everyone wants to board India's growing ESG compliance gravy train
Since FY20, the top 1,000 companies had to disclose their ESG performance under the business responsibility report. From FY23, this report turned into the more comprehensive Business Responsibility and Sustainability Report (BRSR) that requires disclosure of nearly 1,600 data points across different aspects of ESG.
The governance challenge: Focus on ‘G’ factor in ESG to be critical for MSMEs, says Acuité’s Sankar Chakraborti
To help MSMEs achieve better ESG ratings and secure cost-effective lending, financial transparency is critical for MSMEs, says Sankar Chakraborti, Chairman of ESGRisk.ai and Group CEO of Acuité Ratings.
India among the world’s first to standardise ESG disclosures; new SEBI measures to improve transparency: ESGDS’ Ramnath Iyer
India’s ESG investments have grown from $330 million in 2019 to $1.3 billion in 2023, and consumers are increasingly favouring socially conscious brands, says Ramnath Iyer.
NSE, MFs in a spot after Morningstar Sustainalytics' exit
In March 2018, NSE launched two indices - Nifty100 ESG Index and Nifty100 Enhanced ESG Index - to capture the environmental and social governance scores of Nifty 100 companies. The companies on these two indices were assessed annually by the ratings provided by Sustainalytics.
Businesses should be profitable from point of view of financial returns as well as impact on society: Jamshyd Godrej, Godrej & Boyce
“Industrial accidents are a challenge for everyone, but how do you handle that? These are the important aspects which I get involved in to a very large extent to make sure that we are green, as green as we can be to make sure that we are as innovative as possible and to make sure that we have a good safe environment working for everyone.”
Earth Forward Dialogues continue: ESG visionaries explore discussions on sustainable strategies at Candor TechSpace Sector 48, Gurugram
Embarking on an ESG journey that resonates with the mission of Earth Forward, Brookfield Properties is at the forefront of pioneering sustainability across diverse sectors. Their unwavering commitment to fostering best environmental practices mirrors the global impact envisioned by the Earth Forward initiative.
ESG: Why companies need to change their perception and approach towards sustainability
According to the updated definition in the International Sustainability Standards Board (ISSB), sustainability is 'the ability of a company to sustainably maintain resources and relationships with and manage its dependencies and impacts within its whole business ecosystem over the short, medium and long term'.
Accelerating the ESG revolution: Brookfield Properties leads the way for India Inc
Brookfield Properties and The Economic Times have launched the Earth Forward: ESG Dialogues series in Bengaluru, New Delhi, and Mumbai. The series aims to facilitate discussions on sustainable strategies across various sectors.
Risk vs return in ESG investments - is there really a trade-off?
But does investing in ESG portfolios affect the financial returns and risks of investors? Is there a trade-off between pursuing sustainability and profitability? In this article, we will review some of the recent research and evidence on this topic and explore the implications for investors.
JPMorgan says ‘trailblazing’ rules to boost India’s ESG market
India's new rules for environmental, social, and governance (ESG) investments and ratings are expected to attract more investors and serve as a model for other countries, according to JPMorgan Chase & Co. India is one of the first countries to regulate ESG rating providers, and its minimum investment requirements based on stated strategies are considered high. The country's regulations require at least 80% of total fund assets to be invested in equity and equity-related instruments that align with the stated strategy, making it the highest benchmark in Asia.
ESG funds continue to see outflow; Rs 520 crore pulled out in June quarter
"While the Indian sustainable fund market is still in its nascent state, we have witnessed a similar trend since COVID-19 with a handful of new fund launches. Since then, there have been no new fund launches in the past 24 months," the report said.
L&T adds ESG targets to residual tenure of BofA loan
The $150-million loan, due in 2025, has a residual maturity of about two years, which will now be linked to the company's ESG targets.
Blues of green roles: India Inc struggles with ESG talent gap
Globally, too, there is a shortage of green skills jobs - an OECD (Organisation for Economic Cooperation and Development) report in March found that "a green skills shortage across the OECD is holding back growth in sustainable development jobs and could jeopardise the race to reach net zero by 2050".
ESG is the perfect framework to establish long-term credibility of organisations
Monopolies or duopolies can create pricing problems and negative consumer experiences, resulting in the need for regulatory intervention. Such dominant businesses can create entry barriers for new players and hoard scarce resources, leading to problems for stakeholders and a decrease in investor confidence. Environmental, social, and governance (ESG) ratings can help measure governance risks, although it may be difficult to compare companies in the same sector. Enhanced disclosures and a robust internal governance framework can help mitigate risks of fund diversion. ESG ratings provide a comprehensive picture of entities’ preparedness to withstand ESG risks.
Convoluted ratings plague ESG scores: RBI
The practice makes "it tough for the average investor to understand what the aggregate ESG score stands for" the RBI said in its Report on Currency and Finance 2022-23.
How ESG landscape can help companies innovate and drive change
Imbibing ESG into core value propositions is the only way to efficiently capitalise on the transformation opportunities.
Harsha Upadhyaya on what ESG funds stand for, their risk profile & new Sebi guidelines
ESG (environmental, social and governance factors) funds predominantly invest in businesses focused on these issues, and regulations mean they're becoming increasingly key to portfolio management for investors. In October 2023, the rules stipulate that companies that do not provide this reporting will not even be able to remain part of pre-existing portfolios. ESG is seen as being key for helping nudge investee companies to act sustainably.
How ESG has given tax a new look
A change in attitude towards tax has been witnessed since the crucial topic of Environment, Social and Governance (ESG) entered the boardrooms.
India markets regulator allows private equity firms to own mutual fund companies
SEBI also prescribed more disclosures around environment, social and governance (ESG) issues.
ESG gatekeeper readies a verdict on Adani Group companies
As of now, MSCI gives Adani Green Energy Ltd. a rating of A, its third-highest, and the entity is included in several of its ESG and Climate indexes. So is Adani Total Gas Ltd., also rated A. Those ratings haven’t changed since Hindenburg Research published its report on the Indian conglomerate Jan. 24, MSCI said in an email, noting that its indexes and ratings divisions operate independently. The index provider declined to comment on any future changes.
Sebi opts for principles-backed approach on ESG ratings: Sources
The regulator will canvass public opinion on draft rules set to be unveiled in the next two to three months, which it aims to finalise this year.That follows steps by global regulators such as the European Securities and Market Authority (ESMA), the Securities Exchange Commission in the United States and the China Securities Regulatory Commission (CSRC).
$1.9bn in global AUM: Sustainable investments provide greater stability to investors
Today, the landscape is beaming with investment options, right from ESG-focused funds to Green Bonds
FPIs red-flag Sebi's proposed rules for ESG rating providers
The proposed rules may have several unintended consequences, some foreign portfolio investors (FPIs) led by foreign mutual funds and public asset managers have told Sebi in response to a consultation paper.
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