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MSCI Inc will speed ESG ratings reviews after silence on Adani companies

ESG index providers says it will speed up its review of companies, after it failed to address allegations of poor governance at the Adani Group companies as quickly as its competitors

Adani companies
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Photo: Bloomberg

Sheryl Tian Tong Lee | Bloomberg
One of the market’s most popular ESG index providers says it will speed up its review of companies, after it failed to address allegations of poor governance at the Adani Group companies as quickly as its competitors.
 
MSCI Inc. will now review holdings in some of its ESG indexes on a monthly basis, more frequently than its previous quarterly schedule, the firm said Thursday. Any companies involved in significant ESG controversies, and those that don’t comply with the principles outlined by the United Nations global compact, will be stripped from the indexes.

MSCI added that only certain ESG and climate

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First Published: Feb 17 2023 | 10:27 PM IST

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