“Sebi’s new rules on startups, delisting, ESG and more, explained” – Money Control – March 26, 2021

On March 26, 2021 Money Control reported that the “Securities and Exchange Board of India (SEBI) has announced key changes in the rules for listing of startups while bringing in more transparency in the disclosure requirements for listed entities with a focus on the all-important ESG—environment, social and governance—parameters. It has also enhanced the delisting process and given retail investors more power in terms of access to information.

SEBI has introduced a concept called ‘Business Responsibility and Sustainability Report’ for the top 1,000 listed companies of the country. Among other things, the report will emphasise on disclosures related to climate and social related issues of the company, which would help the investor community assess the firm’s sustainability-related risks and opportunities.

This is an important move considering the fact that the recent past has seen quite a few Indian mutual fund house launch ESG funds even as such form of sustainable investing has grown exponentially across some of the largest markets. In the capital market regulator’s own words, the new set of requirements will ‘set the stage for taking a leap for better disclosures in the ESG space in India.’”

You can read the article on the Money Control internet site.

“Temasek commits $500 million for a stake in LeapFrog Investments” – ImpactAlpha – March 10, 2021

On Mach 10, 2021 ImpactAlpha reported that “Singapore’s state-backed investment arm Temasek will become part-owner in LeapFrog Investments and anchor its future funds. The commitment pushes the pioneering emerging markets impact investing firm’s capital raised past $2 billion.

The investment is a ‘a trajectory-changing moment” for impact investing, LeapFrog’s Andy Kuper told ImpactAlpha. “We have confirmed that this is the largest ever single commitment to an impact investor. I am hopeful it marks a new era of scale and success for the global impact investment industry.’

The Global Impact Investing Network’s Amit Bouri said the Temasek deal signals that ‘investors are prioritizing measurable impact alongside financial returns, demonstrating that each can enhance the other.’ He called on investors to ‘step up the scale.’”

You may read the article on the ImpactAlpha internet site.