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India taking alternate road to ESG reporting - KPMG global audit head India is taking an alternate approach towards disclosures norms related to environmental, social and governance (ESG) metrics compared to some other global economies, said a senior executive at KPMG. India's market regulator on Wednesday mandated that the top 150 listed companies by market capitalisation would have to give "reasonable assurance" on ESG metrics starting this financial year. That would mean a company's auditor would check its ESG metrics and disclosures,...
India taking alternate road to ESG reporting - KPMG global audit head
India taking alternate road to ESG reporting - KPMG global audit head
Source: Reuters
14/07/2023 5:27:29 PM
Exim Bank logs Rs 1,556 cr net in FY23 The Export Import Bank of India (Exim Bank) on Friday said it closed FY23 with an after tax profit of Rs 1,556 crore. According to Exim Bank, the company closed FY23 with a net profit of Rs 1,556 crore up from Rs 738 crore logged during FY22. During the year under review, the bank had sanctioned loans aggregating Rs 79,764 crore to enhance export capabilities of Indian companies and support development priorities of partner countries. The Bank has a portfolio of 303 Government of Ind...
Exim Bank logs Rs 1,556 cr net in FY23
Exim Bank logs Rs 1,556 cr net in FY23
Source: IANS
12/05/2023 5:35:32 PM
State Bank of India raises $1 billion via syndicated social loan for further lending The State Bank of India, the country's top lender, on Tuesday said it raised $1 billion via a syndicated social loan from global banks for further lending to certain kinds of socially impactful businesses in India. The funds will be used to further lend to microfinance institutions and self-help groups, a senior official at SBI, who declined to be named, told Reuters. The loan facility was arranged through Japan-based MUFG Bank and Taiwan-based Taipei Fubon Commercial Bank Co. Ltd, ...
State Bank of India raises $1 billion via syndicated social loan for further lending
State Bank of India raises $1 billion via syndicated social loan for further lending
Source: Reuters
28/02/2023 3:00:27 PM
ESG reporting by Indian corporates has improved by 160% Environmental, Social, and Governance (ESG) reporting by Indian corporates has improved by 160 per cent, CareEdge Research said. The research is an analysis of reports from top 1,000 listed entities over the past three fiscal years. A stark improvement in the ESG disclosures by companies was noted based on their Integrated Reports, Sustainability Reports, and Business Responsibility and Sustainability Reports (BRSR). This further led to an upgrade in the ESG scores of these companies. T...
ESG reporting by Indian corporates has improved by 160%
ESG reporting by Indian corporates has improved by 160%
Source: IANS
23/02/2023 12:22:10 PM
S&P places Adani Transmission's ESG evaluation under review on potential governance issues  Credit rating agency S&P Global Ratings on Thursday placed its ESG (environment, social and governance) Evaluation for India-based Adani Transmission Ltd. (ATL) under review. This follows recent allegations of significant governance issues at the Adani group of companies. "We aim to complete our review of the ESG Evaluation in the coming months. We will assess the implications of the allegations on our ESG Evaluation," S&P Global said. On January 24, 2023, a s...
S&P places Adani Transmission's ESG evaluation under review on potential governance issues
S&P places Adani Transmission's ESG evaluation under review on potential governance issues
Source: IANS
16/02/2023 5:19:43 PM
Companies to spend $158 bn on environmental, social sustainability Enterprises are likely to spend $158 billion on environmental, social, and governance (ESG business services in 2025 with a five-year compound annual growth rate (CAGR) of 32.3 per cent, a new IDC report has said. Organisations face mounting pressures to improve and document their ESG performance. Because the initial steps to a sustainable transformation can be daunting to firms that have not attempted anything similar in the past, sustainability-linked consulting spending has become a ...
Companies to spend $158 bn on environmental, social sustainability
Companies to spend $158 bn on environmental, social sustainability
Source: IANS
12/06/2022 11:04:24 AM
Vedanta Aluminium implements solutions for sustainable growth, green economy On the occasion of World Environment Day, Vedanta Aluminium, India's largest producer of aluminium believes that business growth and sustainable development are two sides of the same coin. "Our climate action endeavours saw us reduce our GHG emissions intensity at our largest aluminium smelter by around 12 per cent in FY22 over the previous fiscal, while increasing our production volumes by 20 per cent," said Rahul Sharma, CEO of Vedanta Aluminium. The company is also Indi...
Vedanta Aluminium implements solutions for sustainable growth, green economy
Vedanta Aluminium implements solutions for sustainable growth, green economy
Source: IANS
5/06/2022 1:51:00 PM
Crisil to give ESG impact on credit profiles Crisil Ratings on Saturday said it will start disclosing the impact of environmental, social and governance (ESG) parameters separately when assigning credit ratings. The move comes on the back of increasing ESG impact in investment decisions. Notably, the ESG (environmental, social, and governance) factors determine a company's impact on society and environment.It gives a non-financial glimpse on the prospects of future opportunities and risks to the business. "The past cou...
Crisil to give ESG impact on credit profiles
Crisil to give ESG impact on credit profiles
Source: IANS
15/01/2022 3:15:38 PM