5 Minutes Read
SEBI grants category 1 ESG rating providers’ registration to Acuité Group’s ESGRisk.ai
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
Listen to the Article (6 Minutes)
Summary
The adoption of ESG practices by corporates will contribute to achieving the government’s objective of reaching net-zero emissions by 2070.
The Securities and Exchange Board of India (SEBI) has accorded Category 1 ESG Rating Providers’ registration to ESGRisk.ai, a subsidiary of Acuité Ratings & Research Limited.
On this occasion, Sankar Chakraborti, Chairman of ESGRisk.ai, said, “The origins of positive systemic action often lie in crisis. In 2020, when the world had come to a halt due to the pandemic, ESGRisk.ai embarked on strengthening sustainability practices in India by evaluating the top listed companies’ performance on environmental, social and governance parameters as well as their reporting transparency.”
The adoption of ESG practices by corporates will contribute to achieving the government’s objective of reaching net-zero emissions by 2070.
The integration of ESG considerations into policies and business operations is also expected to promote innovation, resilience, and competitiveness across industries.
“Understanding ESG factors and incorporating their principles into predictive models is crucial. We anticipate a future where corporate failures may be attributed to neglecting these factors more than ever before”, said Chakraborti.
Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout
3 Mins Read
Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter
Daily Newsletter
