Late last year, the ReNew Power top management was pleasantly surprised when it saw the order book for the company’s $325-million green bond issue. It was six times over-subscribed, giving the renewable energy company the elbowroom to cut interest rate by 50 bps. This trend repeated when ReNew issued bonds in January 2020 and again in April.
What’s Stopping ESG From Becoming India Inc’s Alpha Mantra?
The awareness around ESG adoption has accelerated among corporates over the last two years, with their global investors and partners demanding stricter adherence to it. But what are the barriers for ESG to become corporate India’s alpha strategy?