Why India is turning into ESG funding hotspot

Monday, February 11, 2019

By Kiran Kabtta Somvanshi

Amid the spate of corporate governance issues cropping up with rising frequency, Indian markets will see two entities launch the earliest funds based on Environment, Social and Governance (ESG) investing.

Three former Tata group executives have come together with asset manager Quantum Advisors to launch a $1-billion ESG fund to invest $30-50 million in small to mid-cap companies in India for an 8-9% stake.

Meanwhile, the alternate asset management arm of Avendus Capital is launching India’s first ESG-based fund. It has tied up with Institutional Investor Advisory Services (IIAS) for putting in place a ranking framework covering ESG principles.

Photo courtesy of Satish Krishnamurthy.

Source: Economic Times (link opens in a new window)

ESG, impact investing