Is ‘ESG’ Investing Just Another Politically Correct Term For Seeking Funds?
Environmental Social and Governance (ESG) investing has emerged as a major investing theme all over the world in recent years.The value of global assets invested in ESG hit the $40 trillion mark in 2020. ESG funds claim to invest in companies that follow environmental, social and governance standards.Read more
Emkay Global continues to bet on financials; says ESG concerns on select PSU cos overdone
Environmental, social, and corporate governance (ESG) concerns on select PSU companies have been overdone. “In some of the public sector undertaking (PSU) companies, the ESG concerns have been overdone and the market is willing to overlook the ESG concerns and respect the valuations and the opportunity in terms of the next 6-12 months. So that could be another space where you could possibly see some investment opportunity, be it in the oil and gas sector, coal sector or even in some of the PSU banks and defence companies,” Karwa said Read more
ESG funds offer more data amid transparency push
An audit by shareholder proxy firm Institutional Shareholder Services showed that the two Wealthsimple funds have a carbon intensity measure — how much carbon dioxide companies generate compared to revenue — well below market benchmarks. The companies were also aligned with the goal of keeping global warming to 1.5 degrees, compared to a benchmark of around 2.5 degrees of warming. Read more
Growth in ESG, Islamic investments support stronger asset inflows in the GCC: Moody’s
Half of CIO respondents expect double-digit growth in net inflows, and another 33% foresee a high single-digit increase,” Vanessa Robert, vice-president of senior credit officer at Moody’s Investors Service said. Improved investment results and stronger fees, already comparatively high in the GCC region, will further support revenue growth,” she added Read more