Environment in corporate governance is not just a fad, it’s a very serious issue’: Former SEBI chief G N Bajpai on ESG
Former SEBI chief G N Bajpai at BT500 Wealth Creators Summit event in Mumbai said companies have to comply on ESG (Environmental, Social, and Governance) front because the ramifications are manifold and that board room practices in India haven’t significantly improved. Read more
BNP Paribas Launches New Climate Impact Infrastructure Debt Fund
BNP Paribas announced the launch of BNP Paribas Climate Impact Infrastructure Debt, a new fund which will finance climate change mitigation, and supporting energy transition projects across continental Europe. Read more
UK Eliminates Cap on Penalties on Polluting Companies
The UK government announced that it has scrapped a limit on penalties that its Environmental Agency can impose on companies that pollute the environment through Variable Monetary Penalties (VMPs).
The UK’s Department for Environment, Food & Rural Affairs (DEFRA) said that penalties now will be proportionate to company size and to the nature of the offence.