SEBI tries to pin down ‘environment, social and governance’ stocks

Thousands of crores have gone into brand new funds investing in “ESG” firms. But how does a coal miner or a fraud-hit company count?

We have a hot new phenomenon in the market—ESG, short for “environment, social and governance”. The market knows it, listed companies know it, fund managers know it and the regulator knows it. 

Companies are lining up to attract more equity capital with their statements of commitment towards environment and social consciousness and impeccable governance standards. 

Fund managers who are looking for ways to attract more retail money in equity funds have launched seven new funds in the past one-and-a-half years, solely focused on companies that are scoring high on the three parameters of environmental sustainability, social impact and corporate governance. …


Jayshree P. Upadhyay

Jayshree is a former writer at The Morning Context. As journalist, she had nearly a decade of experience across Mint, Business Standard and Bloomberg TV India. The bulk of her career has been devoted to tracking the capital markets regulator, exchanges, regulatory policies, financial scams and corporate governance issues. One of her biggest breaking stories was her incisive coverage of the colocation scam which put the lapses at NSE in the public domain.