The sustainability element has to figure more and more in board of directors’ strategy discussions," said Mehta. It said in an analysis that IT and financial companies have relatively high overall ESG scores given their inherently lower natural-resource intensity, resulting in lower emissions. On the other hand, oil and gas, chemicals, metals and mining, and cement companies have lower ESG scores, reflecting their high natural-resource intensity and higher emission levels. If every stakeholder is asking a question holding companies accountable, businesses will have no option but to integrate ESG considerations in decision making, he said. According to Crisil, the quantum of investments made based on sustainability considerations has been going up globally.

Source: Mint July 04, 2021 15:56 UTC