What is ESG investing. Here's all you want to know
Currently there are three schemes in this space - Quantum India ESG Equity Fund, SBI Magnum Equity ESG Fund, Axis ESG Equity Fund. ICICI Prudential is also joining the bandwagon with a new fund offer.
When it comes to investing, as a responsible citizen, one should evaluate our target companies not only based on financial parameters but also on the basis of certain non- financial parameters. For the non-financial parameters, ESG (Environment Empathy, Social Responsibility and corporate governance) can be considered as a good starting point. Here companies are evaluated on the basis of positive and negative contributions they make for the society as a whole.