ESG is sensible; it means doing business the right way: Sankar Chakraborti

The Financial Stability Report (June 2023) highlighted two challenges arising from climate-related events: Recalibrating business strategies for green transition, and strengthening resilience. SANKAR CHAKRABORTI, chairman of ESG Risk Assessments & Insights, spoke with Raghu Mohan on the green road ahead. Edited excerpts from a video interview

The Reserve Bank of India’s survey on climate risk and sustainable finance in July 2022 said that most banks didn’t have an ESG (environmental, social, and corporate governance) policy in place. Why so?

The ESG concept is relatively new compared to conventional risk-management frameworks. We also don’t have enough data to establish the impact of ESG