Are Indian companies in a hurry to be ESG complaint?
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Indian companies are racing to adopt environmental, social, and governance norms on rising pressure from investors and regulators. Wave of ESG focussed funds have hit India too. Domestic ESG funds AUM was at Rs 9800 crore in FY2021 with seven of 10 such funds launching post-June last year. Are companies that have missed opportunities due to lack of ESG norms now catching up quickly. Has the pandemic also added urgency for companies to become ESG complaint to attract investors. To discuss that I am joined by Sambitosh Mohapatra, Leader – ESG, Energy Utilities & Resources, PwC India.
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