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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

90% in construction sector favour decarbonisation practices: KPMG report

84% of the respondents said they were optimistic about the direction of the construction market in India

Sebi mandates certification for ESG rating providers within six months

Regulation to level playing field for Indian companies, say experts

Banking beyond weather reports: Why lenders need a green business strategy

Indian lenders have yet to train their employees to assess credit risks arising from climate change

Urban Company to have 30% women in leadership, senior roles by 2025

In 2022, the company invested Rs 72 crore in training and upskilling its partners

ESG metrics of IT services companies turn crucial in winning deals

In a recent Gartner survey, more than half of the end users indicated that sustainability is a "must-have criterion" in the selection of service providers

ESG, sustainability & impact management to reach $30bn by 2030: Report

According to the study, India will be leading the charge in Asia-Pacific as the impact measurement and management market grows annually by 15% CAGR

Remarkable surge in ESG-related jobs over last 3 years, says report

There has been a remarkable surge in environment, social and governance (ESG) related jobs over the last three years, which is a testament to the growing focus on sustainability and corporate responsibility within the Indian job market, a report said on Monday. According to a report by global job site Indeed, jobs related to the ESG sector have grown over 223 per cent in India between April 2019 to April 2023. This report is based on data pooled from job postings and job searches on Indeed's platform between 2019 and 2023. As per the report, the demand from jobseekers has seen a positive growth in the last one year. Job searches for sustainability roles increased by 31 per cent between April 2022 and 2023, the highest growth in the last three years, said the report. "The growing demand for ESG-related jobs indicates that employees, especially the younger ones today place much more importance on environmental and social concerns than the previous generation. "The world of work now

We must encourage tech transfer to deal pollution challenges: NHRC

Adopting a rights-based approach to environmental protection ensures that everyone, regardless of their background or circumstances, can live in a clean and safe environment, NHRC chairperson justice (retd) Arun Kumar Mishra said on Monday. In a written message on World Environment Day, issued by the National Human Rights Commission on Monday, he said environmental protection has a "vital connection" with human rights. Led by the United Nations Environment Programme (UNEP) and held annually on June 5 since 1973, World Environment Day is the largest global platform for environmental public outreach and is celebrated by millions of people across the world, the UN says on its website. "The day reminds us that sustainable development envisages protecting the environment, which is crucial for human existence. Adopting a rights-based approach to environmental protection ensures that everyone, regardless of their background or circumstances, can live in a clean and safe environment," justi

Legal issues in green finance need to be cleared up

The central bank has identified renewable energy, waste management, clean transport, energy efficiency, and afforestation as projects to be funded from green deposits

Regulators will drive the ESG agenda

Sebi made ESG reporting using the BRSR (business responsibility and sustainability reporting) framework mandatory for the top 1,000 listed companies from FY23 onwards

Most Indian companies believe ESG rules are important but only few prepared

The consumer industry was the least ready for ESG requirements, and only 7 per cent of organisations said they have robust preparedness for it, according to a Deloitte India survey

Singapore Exchange to focus on risk-hedging products like Indian infra, ESG

The Singapore Exchange (SGX Group) plans to focus on risk-hedging products related to Indian infrastructure development as well as Environmental, Social and Governance (ESG) initiatives, as it aims to expand its footprint in metals and minerals such as green steel and lithium. William Chin, Commodities Head at SGX Group, pointed out the close relationship SGX Group has built with the financial and business community in India in the past decades and the importance of collaboration with partners and stakeholders to develop solutions to serve participants in both markets. Risk hedging products related to the Indian infrastructure development, green initiatives, ESG as well as new energy minerals and metals are some of the areas SGX Group wants to focus on, Chin said. "We are expanding our footprint in metals and minerals such as green steel and lithium," said Chin, noting the surging demand from the massive infrastructure development, industrial production and renewable energy-based ..

Bank actively seeking ESG debt deals, says C Suisse's MD after takeover

The Swiss bank stands out as a pioneer in a corner of environmental, social and governance investment known as debt-for-nature swaps, a market that it has so far dominated

India Inc prepares for a tough road to evolving standards, ESG compliance

Firms will have to meet two different standards - domestic and global, say experts

Money-market managers rebrand almost $1 trn of funds in form of ESG

Money market funds registered as Article 8 currently have $986 billion of client assets, up about 43% since August, according to data compiled by Bloomberg

What is ESG, how is it supporting companies' efforts toward sustainability

From the role and need to challenges faced by Indian companies in its implementation and criticism around it, here is a lowdown on what is ESG

Eye on CSR Part-II: FY22 spend near target, thanks to white knights

The second of a three-part series on corporate social responsibility (CSR) looks at whether companies are meeting spending expectations