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Here’s why global funds are backing ESG

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The year 2020 witnessed Environmental, Social and Governance (ESG) investing gaining a lot of traction with companies and asset management funds focusing on the parameters set under it.

The year 2020 witnessed Environmental, Social and Governance (ESG) investing gaining a lot of traction with companies and asset management funds focusing on the parameters set under it.
In fact, at present around 4 percent of the global assets under management (AUM) is now ESG focused which compares with 0.3 percent in 2010 and if we look at the total number of funds, ESG funds now contribute 8.5 percent versus 2 percent 10 years back.
While companies like Infosys have already achieved the zero carbon emission promise, many business houses like Reliance, Tatas, Mahindra, JSW Group, Vedanta, etc. have committed to carbon neutrality and are taking steps towards it.
CNBC-TV18’s Sonal Bhutra gives more details.
Watch this video for more.
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