ESG Funds

The CAG has launched a nationwide audit across 32 states and UTs to assess whether MSME reforms are delivering on-ground improvements, while mandating harmonised expenditure classification by FY28

A Sundaram Alternates report pegs a $15-20 billion opportunity in mid-stage construction financing, as banks and NBFCs pull back. ESG-focused private credit could fill the gap

Sales of so-called social bonds, which direct proceeds to areas like health, housing and education, jumped about 130 per cent to $657 billion globally last year

Revision to allow ERPs to rate unlisted securities and exempt them from disclosing ESG ratings to stock exchanges

Globally, regulators, rating agencies, and institutional investors have led the charge in promoting ESG investing

The Securities and Exchange Board of India will consult on introducing social bonds, along with sustainable and sustainability-linked bonds

More than half of global financial institutions find keeping up with changing regulations as a challenge in meeting ESG goals

Bengaluru-based Urban Vault reported a 41 per cent increase in rentals for ESG-certified properties during the third and fourth quarters of FY24

Sebi has also proposed to make the disclosures for value chain partners voluntary for the first year instead of comply or explain basis

European investors have seven times as much capital in sustainable fund assets than US investors, following five consecutive quarters of US outflows, based on Morningstar data

The company aims to provide investment opportunities and drive sustainable development initiatives across diverse sectors

Rachel Richardson, head of ESG at London-based law firm Macfarlanes, says this year might be "a bit of a crunch point for both borrowers and lenders" in the market for sustainability-linked loans

Their recent underperformance vis-a-vis multi- and flexi-cap funds was due to predominantly large-cap exposure

Against a backdrop of attacks by the Republican Party and lackluster returns, ESG funds in the US bled more than a net $5 billion in the final three months of 2023

This is part of SBI's $10 billion medium-term note program and was raised through private placement facilitated by the lender's London branch

State Bank of India (SBI) on Wednesday said it has raised USD 1 billion or (about Rs 8,300 crore) to cater to the domestic ESG financing market. The bank has concluded the issuance of USD 1 billion (USD 750 million and green shoe of USD 250 million) through Syndicated Social Loan, SBI said in a regulatory filing. The loan book was closed on January 2, 2024, it said. Last year too, the country's largest lender had raised USD 1 billion syndicated social loan. The fund raised would would cater to domestic ESG (Environmental, Social and Governance) financing market. The funds were raised through two tenures: a three-year and a five-year loan. These funds were raised at 80 basis points and 100 basis points over the secured overnight financing rate (SOFR), respectively. SOFR is a benchmark rate for dollar-denominated derivatives and loans, which replaced the London Interbank Offered Rate or Libor. During the second quarter ended September 30, 2023, the bank reported an 8 per cent incr

Issuance of all kinds of ESG bonds - green, social, sustainability and sustainability-linked bonds, or SLBs - jumped to $82.6 billion in November, up from $55.9 billion in October

By 2021, the role of finance in creating a greener, fairer planet was a growing part of the public debate, leading an ever greater number of lenders to produce such targets

The ESG investing industry may be more exposed to such risks than most, after taking to tech in a big way

36% believe costs for sustainability initiatives outweigh the benefits, says Capgemini Research Institute survey