ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More funds in India will be required to have at least 80% of their assets invested in securities aligned with their specific strategies, and asset managers will be required to provide monthly ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More scores for holdings, according to new rules released for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More investment funds by the Securities and Exchange Board of India (SEBI).
SEBI also announced that introduced a new ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More investment sub-category for funds, in order to enable mutual funds to offer several ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More schemes to investors. Under the prior rules, mutual funds were able to offer only one ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More scheme under the thematic category.
According to SEBI, the new measures are being introduced in order to “facilitate green financing with thrust on enhanced disclosures and mitigation of green washing risk.”
Under the new rules, asset managers will now e able to offer multiple ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More funds under a series of defined strategies, including Exclusion, Integration, Best-in-class & Positive Screening, Impact investing, Sustainable objectives, and Transition or transition related investments. Funds will be required to have at least 80% of AUM invested in securities aligned with the strategy, with remaining assets not invested in securities in contrast to the strategy. Additionally, at least 65% of AUM will be required to be invested in companies which are reporting on comprehensive Business Responsibility and Sustainability Report (BRSR) guidelines (introduced in 2021) and that provide assurance on BRSR disclosures.
New disclosure requirements for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More schemes include a requirement for the name of the fund to clearly include the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More strategy, and for BRSR scores to be included in monthly portfolio statements, along with the name of the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More ratings provider.
Asset managers for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More schemes will also be required to disclose on their voting on resolutions with rationale supporting their voting decision, including whether the vote was made for ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More reasons.
In their annual commentary, fund managers will be required to provide examples of how the ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More strategy was applied, how engagements were carried out and on the application of escalation strategies, as well as engagement case studies, and details on engagements including the number of engagements, modes of communication used and outcomes.
The new rules also require asset managers to obtain independent assurance that their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. More schemes are in compliance with their strategies and objectives, and that the board of the asset management company certify the compliance of the schemes with regulatory requirements.