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Climate Change

CSR vs. ESG: Will RBI’s green push lead to a trade-off with health and education?

CSR vs. ESG: Will RBI’s green push lead to a trade-off with health and education?
CSR vs. ESG: Will RBI’s green push lead to a trade-off with health and education?
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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.

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.
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The Economic Times