The News Scroll 11 January 2021  Last Updated at 8:59 pm | Source: PTI

Acuite launches country''s first ESG rating firm

Acuite launches country''s first ESG rating firm
outlookindia.com
1970-01-01T05:30:00+0530
Mumbai, Jan 11 (PTI) 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. PTI BEN ABM ABM


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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