With firms expanding their environmental, social, and governance (ESG) footprint, expectations are shifting from risk management to value creation for potential investees. The need of the hour is to turn around a tool for risk mitigation and compliance into one that creates sustained value for stakeholders.
With companies identifying the potential of climate-related opportunities to make a significant economic impact, the financial implications of climate-related risks on Indian companies are expected to reach INR 3,285 billion. India is banking on its investments in cutting-edge cleantech to achieve its ambitious climate commitments at COP26.
The US regulator Securities and Exchange Commission (SEC), and the Indian market regulator, the Securities and Exchange Board of India (SEBI), have come up with climate-related regulations and disclosures for their respective markets.
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