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India Inc and its ESG story: 12 interesting insights

CRISIL has analysed 586 companies, across 53 sectors

May 19, 2022 / 04:18 PM IST
Only 23 companies disclosed their exposure to climate risks. (Photo by Gelgas Airlangga/Pexels)

Only 23 companies disclosed their exposure to climate risks. (Photo by Gelgas Airlangga/Pexels)

ESG is a buzzword now. Companies looking to raise money from public markets need to be particularly concerned about their environmental, social and governance (ESG) records.

ESG-focussed funds are growing fast. In November 2021, money flows into these funds hit a record at $649 billion- some 18 percent more than what came in the previous year and 128 percent more than what came in the year before that.

CRISIL analysed 586 companies across 53 sectors on their ESG performance, from FY21 data. The report found that, while “disclosures are improving, there is a long way to go”. The Sustainability Yearbook 2022 found that climate change risk isn’t being sufficiently factored in.

Also read: 57% commercial space occupiers have green certification: JLL