Change in names of four ESG funds
SEBI released norms for ESG investments under the thematic category of equity mutual funds namely: Exclusion, Integration, Best-in-class & Positive Screening, Impact investing, sustainable objectives, and Transition or transition related investments.
In line with that, the fund houses have changed as mutual funds started complying with above norms and informed its investors about the change through a notice-cum-addendum. For example, Two ESG funds from Aditya Birla Sun Life Mutual fund and Axis Mutual Fund specified they will employ integration strategy and renamed the schemes accordingly.
89 per cent of Singapore business leaders say media reporting influences their corporate ESG strategy decision-making
A survey by BBC Studios has revealed new insights into how Singapore-based business leaders and corporations are relying on media reporting of ESG (Environmental, Social and Governance) issues to help shape their strategies and it was also found that 52 per cent of surveyees will typically engage with higher-cost suppliers who carry better ESG credentials Read more