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Adani shock exposes ESG fund managers clinging to ‘terrible’ bet

23 تشرين الثاني 2024
ESG funds, despite charging higher fees for supposedly rigorous screening, face scrutiny for holding shares of Adani Green Energy. This comes after US prosecutors charged Gautam Adani with bribery, alleging a scheme to secure solar energy contracts. Critics argue that the situation exposes flaws in ESG assessments, particularly concerning governance in emerging markets.

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