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ESG Stocks Are On A Run-Up And Have Even Performed Better Than Benchmark: Know These Stocks
ESG or Environmental Social and Governance stocks are company stocks that pay good heed to sustainability and environmental concerns. Though, such concerns as per reports are not a good enough reason for retail investor class to put in their bets.
What are ESG focused companies?
ESG companies are typically those which play a role in nature's nurturing as well as development. Also, the criterion is critical as it also focuses to what extent the company is transparent in its disclosures as well as management policies and practices. There is an aim to become profitable but not impacting or minimizing the environment at the least.
For several reasons and initiatives, the companies have been included into the space and likewise a number of other profitable entities can lose their importance in a case they are low on their ESG scores and hence may not see capital coming in.
ESG scoring by CRISIL
For different sectors, CRISIl- the rating agency comes up with ESG scores. The ESG scores are based on information available in public domain, including from third-party providers, Crisil said. "The scores are based on Crisil's proprietary framework and is assigned on a scale of 1-100, with 100 denoting best-in-class ESG performance. The current evaluation analyses three annual reporting cycles through fiscal 2020," the rating agency said, adding it was a first-of-its-kind study in India.
Top performing ESG stocks
Of the stocks, ranking high on the ESG score by CRISIL, here we provide how such companies' have performed and even outperformed ever since the pandemic has struck the global world.
Key companies' that can be called as the ESG stocks are Infosys, Tech Mahindra, Mindtree, Wipro, L&T Infotech. These are all from the IT space. The next sector on the list commanding the highest score is the financial space. Among financial institutions, Kotak Mahindra Bank had the highest ESG score, followed by HDFC Bank, IndusInd Bank, Axis Bank and ICICI Bank. Other integral PSU companies with the top score include SBI, Canara Bank and REC.
Other stocks from the space include Marico, Ambuja Cements, Godrej Consumer, P&G, Ultratech Cement, Asian Paints, HUL, PI Industries, Eicher Motors and Page Industries among others.
| ESG stock | 1-year return |
|---|---|
| Havells India | 115% |
| JK Cement | 133% |
| Solar Industries | 145% |
| Titan | 111% |
| L&T | 101% |
| Adani Transmission | 483% |
| Adani Power | 210% |
| Tata Power | 321% |
Disclaimer:
ESG companies' are all those companies which give thrust to social, environmental and governance issues and will be the future if not currently the reason for investment by retail investor class. Nevertheless, the information is collated just for informational use only.
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