ESG REPORTING INDEX
ESG mutual funds: Why these MFs may not be the right choice for investors
Having failed to beat even simpler fund categories, ESG funds may not be the right choice for investors.
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.
Sustainable Development: Where is sustainable finance?
The conflicts raging in Europe and the Middle East have further lowered the appetite in the West for low carbon production and consumption. Slower economic growth is also a factor. The European Union’s imposition of protective levies in form of border adjustment of carbon taxes from 2026 reflects this compulsion. All this is happening in the backdrop of ambitious declarations of commitment to net zero by the mid-century. It makes obvious that in a globalised world, no corporate entity or country wishes to surrender its access to low-cost energy and competitive advantage.
Mukesh Ambani highest placed Indian, No.2 globally in Brand Guardianship Index 2024
Mukesh Ambani is ranked first among Indians and second globally in the Brand Guardianship Index 2024 by Brand Finance. The index recognizes CEOs who build business value sustainably and balance stakeholder needs. Ambani's BGI score is 80.3, just below Huateng Ma's 81.6. ESG is now the most important factor in CEO reputation, accounting for 14% of reputation scores.
Diageo India unveils 2023 ESG Reporting Index highlighting progress across Society 2030 goals
The Reporting Index is developed in accordance with the ‘Comprehensive’ level of the globally acclaimed GRI Standards (2021).
ESG funds' assets may grow 30% every year for a decade: Avendus
Avendus Capital said ESG-focused companies continue to outperform their non-ESG counterparts and anticipates more ESG-focused investment flows into the country. ESG-focused equity funds in India have grown from $ 330 million in 2019 to $1.3 billion in June 2023, it said.
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EY Global records revenue just shy of $50 billion in FY 23
Carmine Di Sibio, EY Global Chairman and CEO, said, “I am very proud of EY growth this year. Guided by a commitment to create long-term value for all stakeholders, the organization is seeing the result of investment in pivotal alliances, cutting-edge technologies, and, most profoundly, the continuous upskilling of EY people.
Deven Choksey on 4 mid-tier IT stocks that show a margin of safety
Investors are being drawn to underpriced public sector enterprises and mid-tier technology players for long-term investment opportunities, according to Deven Choksey of KRChoksey Holdings. However, he added that such sectors had been perfected in the short-term and it was increasingly challenging for investors to pick value from them. Choksey also discussed higher demand from rural India generating growth in FMCG companies and the efficient use of fintech by NBFC firms to disburse loans.
US slips in supply-chain ranks after child-labour violations
The US saw its ranking decline on almost all metrics, according to an analysis published Wednesday by Elevate, an ESG advisory and analytics company that’s owned by LRQA, which sits in the investment arm of Goldman Sachs Group Inc.
90% MSMEs see cost reduction as biggest motivation to implement sustainability initiatives
The MSME sector contributes around 30 per cent to India’s gross domestic product and employs around 120 million people.
ETMarkets Smart Talk: Where is India’s super rich investing? Anirudha Taparia gives a sneak peek
Digitization and hyper-personalization were other important changes fostered by the pandemic, and many investors are now keen on customised digital wealth management services, necessitating a shift in how the sector approaches and maintains its customer relationships.
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.
How generative AI is impacting the hiring needs in the investment management industry
The investment management industry is exploring the potential impact of generative AI, which can create new content or generate new outputs. The rise of AI and big data in investment management is becoming increasingly essential for generating better returns, managing operational efficiency and risk, customising content for better customer experience and identifying ESG themes in corporate social responsibility reports.
JPMorgan investment arm purges its ESG funds of Adani stocks
The JPMorgan Global Emerging Markets Research Enhanced Index Equity ESG UCITS ETF offloaded the more than 70,000 shares in cement manufacturer ACC Ltd., exiting a stake it’s held since May 2021, according to a data review by Bloomberg that looked at movements following the Jan. 24 publication of the Hindenburg report.
Adani credit facilities expose collateral web full of red flags
Since short-seller Hindenburg Research published its critical report on Jan. 24, investors have responded to its allegations of fraud and market manipulation by selling Adani shares. But for investors with environmental, social and governance mandates, there’s an added layer of pain as they realize their green dollars were indirectly supporting the dirtiest of fossil fuels.
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.
Adani shock rips through ESG funds as strategy fails test
Stocks bearing the Adani name appear in more than 500 so-called Article 8 funds that are supposed to “promote” environmental, social and governance goals under European Union rules, data compiled by Bloomberg show. About 80 of those exposures are via direct holdings, while the rest are mainly through funds of funds or index trackers, according to the data, which correct for duplicate holdings.
SIDBI and Dun & Bradstreet India launches Sustainability Index dedicated to MSMEs
The index will be presented as a quantitative measurement for policy makers and enablers to nudge businesses towards adopting an ESG framework in their business strategy over the coming years.
Renewed buzz over India entry in JPMorgan EM bond index
An inclusion would bring in estimated inflows of $30-40 billion to India as investments made based on the composition of the index, said top bond dealers. Increased foreign fund inflows should help lower the federal funding costs.
Responsible profitability
The study constructed an ESG disclosure index to measure the companies' disclosures. Results show that only profitability measured by return on assets (ROE) and return on capital employed (ROCE) in both regression equation were positively associated with the extent of ESG disclosures.
Can ESG pass the bullshitometer?
For ESG investing to survive through this public, political and regulatory scrutiny, it'll have to bring uniform standards, clear the grey areas and cut down the scope for bullshitting.
TCS APAC achieves net zero emissions ahead of 2025 target
Last year, the company announced plans to reduce its absolute greenhouse gas emissions across Scope 1 and Scope 2 by 70% by 2025 (over the 2016 base year), and to achieve net zero emissions by 2030.
Why investors should graduate risk-return expectations from widely assumed ESG
Several developments are already unfolding in India since 2008, when S&P launched its ESG India index. In 2021 a welcome standardization of ESG reporting was brought forth by SEBI. It launched the BRSR (business responsibility and sustainability reporting) framework, mandatory for Top 1000 listed companies from FY23 onwards.
Investors back ESG stock funds even as tech slide hurts returns
Data shared with Reuters by funds network Calastone, which tracks the trading of units in UK-domiciled funds, shows globally focused ESG stock funds took in a net $622.28 million from Jan. 1 to Feb. 3, compared with $543.56 million flowing to non-ESG stock funds.
The ESG way to build a solid portfolio & improve the world around you too
ESG strategies are sustainable and have proven they can offer good returns. According to the Morgan Stanley Institute for Sustainable Investing, February 2021 Sustainable Funds outperformed their traditional peers. The report also revealed how monies invested in sustainable businesses offer lower market risk.
Global warming is a big battle; ESG investing is the way to go
Global Warming is not a prediction, it is happening. Global warming is a term that we have now been used to hearing / discussing for a reasonably long period of time.
Investors, customers now keep track of sustainability goals, says TCS Asia Pacific Head
Elaborating on TCS’s commitment to new sustainability goals which would see the tech giant reduce its greenhouse emissions by 70% by 2025 from 2016 levels, Ramachandran said this is a global trend that Tata Group of companies have always been on top of. “Customers are looking at our sustainability development reports.”
Tesla sinks below the price at which it entered S&P500 index
The stock dropped as much as 13% to $619 in New York, its biggest intraday decline since Sept. 8, before paring much of the loss to trade down 1% at 10:55 a.m.
Watch out for the ‘G’ in ESG when making stock picks
While correlation doesn’t always mean causation, facts like these arguably mean investors should pay special attention to corporate governance—the “G” factor in ESG (environmental, social and governance)—when deciding what stocks to buy.
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