“Our fund will help firms move up the ESG scale: Mukund Rajan & Ajit Dayal” – Business Standard – February 6, 2019

On February 6, 2019 Business Standard reported that “three former Tata executives led by Mukund Rajan joined hands with Quantum Advisors’ Ajit Dayal to launch a $1-billion ESG (environment, social and governance) fund. Adopting a private equity kind of approach to public markets, they will look to invest $50 million each in 20-odd companies which seek to become better on their ESG practices and require help to do so.”

In an interview, Mr. Daval and Mr. Rajau, described the fund as “India’s first active engagement ESG fund.”  They answered questions about the types of companies the fund will invest in, the investment criteria to be applied, the size of the fund, its approach and their previous track record.

You may read the interview on the Business Standard internet site.

“S&P Global Ratings launches ESG sections in corporate credit rating reports” – Institutional Asset Manager – February 1, 2019

On February 1, 2019 Institutional Asset Manager reported that “S&P Global Ratings has started to include environmental, social, and governance (ESG) sections within its issuer credit rating reports on corporate entities.

Michael Wilkins, Managing Director and head of Sustainable Finance, S&P Global Ratings, says: ‘The fixed-income market’s heightened focus on ESG has only emerged recently. However, ESG has been at the heart of our ratings approach for many years. We have long incorporated ESG considerations into our credit analysis. What we aim to do now is to more clearly underline to industry bodies, investors, and stakeholders how we do so.’”

You may read the article on the Institutional Asset Manager website.