“India is taking its rightful place on the world stage and as a global leader, we need not only on development indicators but also stability indicatorSpeaking at the ESG India Leadership Awards presented by esgrisk.ai, the Chairman said.
21 corporates from various industries were awarded for best practices in environmental, social and governance standards.
With issues such as wildfires, climate change, diversity, water efficiency and governance becoming mainstream, discussions on conscious lending and investment have not only become a reality but a priority.
Of late large Indian conglomerates are focusing on ESG fundraising which comes cheap but dedicated pocket money to put.
“We completed our analysis of 500 listed companies and dissected the data threadbare, which showed us that there are big achievements worth talking about,” said Shankar Chakraborty, president, esgrisk.ai.
While Infosys emerged as the ESG leader across industries, Axis Bank leads the pack in transparency and disclosure, said esgrisk.ai in a note. Lenders especially banks are not only looking at ESG compliance as a corporate but also ESG principles forming the core of their loan decisions.
Sanjeev Kaushik, Additional Secretary, Department of Financial Services, Ministry of Finance, Government of India, said, “There are many mutual funds, ESG focused funds which are listed and launched in the Indian markets.”