Standing Committee On Finance Proposes ESG Oversight Body
The Finance Ministry is considering establishing an ESG oversight body to promote sustainable finance and responsible corporate governance in India
RBI to Establish On-Tap Cohort on Climate Change Risks
The RBI Governor has emphasized the role of technology and finance in climate change risks and the low-carbon economy transition
3 Reasons Why HSBC Pushed its Net-Zero Targets to 2050
HSBC has attributed carbon offsets, slow global pace of change and policy and regulations as the three main reasons for the delay
Impacted by Climate Change, Financial System Requires Regulatory Oversight: RBI
M Rajeshwar Rao, Deputy Governor, RBI has asserted that the central bank has taken proactive steps to mitigate the risks associated with climate change that could affect the financial system
TPREL, IndusInd Bank for Solar Energy Finance to MSEs
Through loans ranging from ₹ 10 lakh to ₹ 2 crore, TPREL and IndusInd Bank will give MSEs access to solar financing without the need for collateral
85% Banks rely on ESG ratings for Financial Strategy
In 2023, 85% of FIs used ESG ratings to identify climate-related opportunities, managing over $4 trillion in assets.
Four government initiatives in sustainable energy sector this week
Despite initial concerns about the hurdles in sustainable energy, India’s 2070 net-zero goal is gaining traction due to recent policy actions
Indian Banks Taking a Green Leap
India’s energy transition and decarbonization journey require Rs 160 billion annually until 2030. The Indian banks are taking the green leap
Louis Dreyfus India Secures Sustainable Finance for RSPO
The DBS Bank supported the Indian arm of the
company to achieve sustainable finance for RSPO-certified palm oil procurement
Sustainability Important to Make Investment Decisions
94 % of investors in a recent PWC survey said that corporate reporting on sustainability performance contains unsupported claims
Global leaders emphasise the need for sustainable finance at WSDS
Global leaders at the recently concluded World Sustainable Development Summit (WSDS) emphasised the need for sustainable finance to fuel green growth. The speakers emphasised the lack of new instruments to facilitate long-term lending to fuel green growth, particularly in emerging economies and least-developed countries. Among the speakers, here’s a round-up of what six key global
