Acuite launches country's first ESG rating firm
ESG Risk will assess a companys ESG performance and assign a rating using a risk assessment framework based on a methodology built on investor feedback and a scalable technology platform, Sankar Chakraborti, CEO of Acuite, said. The global ESG market has over USD 40 trillion in AUMs invested using some form of ESG compliance, he said.
- Country:
- India
With increasing focus on ESG (environmental, social and governance) issues, Acuite Ratings on Monday launched a special rating firm to tap this segment. The agency claimed that the ESG Risk Assessments & Insights will be the country's first provider of ESG ratings. ESG Risk will assess a company's ESG performance and assign a rating using a risk assessment framework based on a methodology built on investor feedback and a scalable technology platform, Sankar Chakraborti, CEO of Acuite, said. The global ESG market has over USD 40 trillion in AUMs invested using some form of ESG compliance, he said. In India, ''only 7 per cent of the domestic AUM is invested in ESG funds at present and our internal estimates show this will grow to 30 per cent in a decade, 75 per cent of which will be FII funds,'' he added. ESG Risk seeks to offer ESG ratings to top 1,000 listed companies.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- India
- Acuite
- ESG Risk Assessments & Insights
- Sankar Chakraborti
ALSO READ
Amazon India Announces Festive Selling Fee Reduction
Zelenskyy Lauds PM Modi's Historic Ukraine Visit, Highlights India's Support
US Approves $52.8M Anti-Submarine Warfare Equipment Sale to India
African Cheetahs in India: Unleashing the Wild Journey
India's Historic Launch: RHUMI-1 — The First Reusable Hybrid Rocket