S&P gets responsible

The initiative is backed by the International Finance Corporation, the private arm of the World Bank, which will provide funding to a consortium comprising Standard & Poor’s, CRISIL and KLD, the social and environmental research firm, to develop the new benchmark.

Under the project, a pilot index will be created in India, comprising of leading Indian companies that meet certain ESG criteria, and will be marketed to local and international investors. It is hoped that this index will serve as

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