Reported about 7 hours ago
ESG fund managers are facing scrutiny after many of them invested in Adani Green Energy, which recently plummeted in value following bribery charges against its chairman, Gautam Adani. Approximately 770 ESG funds hold shares in the company, which has been linked to governance failures and a history of alleged fraud. As the US indictment sends shockwaves through the market, critics question the efficacy of ESG investing and the integrity of funds promoting environmental, social, and governance principles.
Source: YAHOO