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India sets up inter-ministerial group for climate negotiations strategy

India has set up an inter-ministerial group to develop a "well thought-out view" on important matters to be discussed during global climate negotiations, according to sources. Constituted in August, the inter-ministerial group on climate change comprises members from all the ministries and departments concerned, including the Ministry of Environment, Forests and Climate Change, Ministry of Power, Ministry of New and Renewable Energy, and the Department of Economic Affairs, a source told PTI. The group will hold discussions mainly on five issues -- mitigation, adaptation, loss and damage, climate finance and Article 6 of the Paris Agreement. Five sub-groups, one for each topic, have been formed to hold detailed discussions. Each sub-group has five to six officials at the joint secretary level, the sources said. Mitigation means reducing greenhouse gas (GHG) emissions and adaptation refers to the process of adjusting to the effects of climate change. Loss and damage refer to the imp

Greenwashing in India Inc: Environment scores create a sense of suspicion

Companies' disclosures should be verified by a single unit under Sebi to avoid disparity in methods

30-year sovereign green bonds may attract insurance companies, not banks

A report by Nomura expressed disappointment at the government's sporadic issuance of green bonds, stating it has led to a relative lack of liquidity in these securities

We are now trying to reinvent Dabur as Dabur 2.0: CEO Mohit Malhotra

The brands being repackaged include the Rs 1,000 crore - Rs 1,500 crore Dabur Amla hair oil and Vatika shampoo in the home and personal care category

BRSR filings: Not mere disclosures

It should be used to improve ESG parameters, analyse vulnerability, and build appropriate tools for supervision and regulation

Swift death of the 'Green Consensus'

Countries across the world are scaling back their climate ambitions from the high points of the past few years

G20 Summit Delhi: 4 Ways in which the G20 Declaration will accelerate ESG

To accelerate progress on SDGs by 2030, the document recognises the role of digital transformation, AI, data advances, and the need to address digital divides

If Mother Nature were to come calling

Even as the world grapples with escalating climate crises, corporate priorities in India continue to favour optics over genuine environmental action in their brand building effort

New rules to attract investment to India's $1.4 bn market: JPMorgan

India rolled out several measures over past two years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under six types of ESG strategies

Trailblazing rules to boost India's ESG mkt, to attract investors: JPMorgan

India rolled out several measures over past 2 years to regulate its market for green and other assets, most recently allowing domestic fund managers to launch plans under 6 types of ESG strategies

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

'The ESG concept is relatively new compared to conventional risk-management frameworks'

Extreme weather to stay, we should adapt strategies towards ESG: ITC chair

The frequency and intensity of extreme weather events are increasing globally and businesses should fine-tune their strategies towards Environment, Social and Governance issues, ITC Chairman Sanjiv Puri said on Sunday. Addressing the B20 Summit organised by the CII here, Puri said extreme weather events are impacting the earth as well as human life and requires a lot of attention. Extreme weather events have a deep impact on nature and therefore also on the Global South. This also goes into the design of urban infrastructure and industrial ecosystem, Puri added. This is also an area which is receiving a very small percentage of capital flows. It is certainly an area that requires lots of attention, Puri said. "This is a dynamic area and will require businesses also to adapt and fine-tune strategies in a dynamic way," Puri said while moderating a session here. Puri, who is also the Chair of B20 Action Council on ESG (Environment, Social and Governance) in Business said, "this has a

ESG will help companies create sustainable business culture: Experts

Environmental, social and governance (ESG) will help companies create a sustainable business culture which goes beyond wealth creation, leading executives of companies said on Tuesday. ESG reporting landscape is rapidly changing at the global level owing to ever increasing challenges and re-orientation of the corporations, they said. Speaking at a CII event here, managing director of Linde India Abhijit Banerjee said with increasing challenges arising out of ESG dimensions, business leaders in India see a merit to reorient their corporate purpose and extend beyond wealth creation into broader themes that its key stakeholders are concerned with. Banerjee said in the present world, sustainability is something that investors are demanding, customers are expecting and employees are valuing. "Leadership has to play a key role in implementing sustainable business culture in an organisation. The leadership indicators focus on providing a broader picture of the company's operations in term

Bankers hate saying 'ESG' but are hardwiring it into finance: Survey

The term ESG has only existed for about two decades after being created through a United Nations-led initiative

Amazon loses key backer 4 years into plan to eliminate carbon emissions

The Science Based Targets initiative, a United Nations-backed entity that validates net zero plans, has removed Amazon from its list of companies taking action on climate goals

Sebi allows mutual funds to expand ESG offerings: Should you invest?

With regards to disclosure requirements for ESG schemes, Sebi said mutual funds will have to clearly disclose the name of the ESG strategy in the name of the concerned ESG fund.

Sebi allows mutual funds to introduce new categories under ESG scheme

Capital markets regulator Sebi on Thursday allowed mutual funds to introduce five new categories under ESG (environmental, social and governance) scheme and put in place a disclosure framework for them. The five new categories are -- exclusions, integration, best-in-class and positive screening, impact investing and sustainable objectives. Presently, mutual funds can launch only one ESG scheme under the thematic category of equity schemes. The provision of a new category for ESG schemes will be applicable with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular. The regulator said these measures will facilitate green financing with a thrust on enhanced disclosures and mitigation of greenwashing. Sebi has mandated ESG schemes to invest at least 65 per cent of assets under management (AUM) in listed entities, where assurance on the BRSR (Business Responsibility and Sustainability Reporting) Core is undertaken. The balance AUM of the scheme can be

BlackRock appoints Saudi Aramco's CEO Amin Nasser to its board: Report

Bader Al-Saad, director general and chairman of the Arab Fund for Economic and Social Development, won't stand for re-election to BlackRock's board next year, according to the statement

ESG issues discussed a lot at G20 forums, says Union Minister Meghwal

Union Law and Justice Minister Arjun Ram Meghwal on Saturday said that Environmental, Social and Governance (ESG) issues are discussed a lot at the G20 forums and elements like ESG will decide the country's future road map. He was speaking at the two-day summit on the theme 'Unlocking Sustainability: G20 Presidency Paves the Way for an ESG-driven New World Order' here. ESG is being discussed in G20 a lot. While Azadi ka Amrit Mahotsav marks the country's 75 years of journey of independence, elements like ESG will decide the roadmap of the country's future after another 25 years, in 2047, the minister was quoted as saying in a release issued by the institute. "If we carefully consider our own ancient culture, then it has always promoted sustainability practices in subtle ways through rituals and festivals," he said. The institute's President Vijender Sharma said it is providing a diploma in cost accounting for farmers. "We have especially helped the Indian Army to help the officers

Exxon Mobil Corp to buy Denbury in $4.9 bn all-stock transaction deal

Under the terms of the deal, Denbury shareholders will get 0.84 Exxon shares for each Denbury share they hold