Daily Brief ESG: SGX/NYSE Collaboration Agreement: Right Partners and more

In today’s briefing:

SGX/NYSE Collaboration Agreement: Right Partners, Right Place, Right Products
It Is Very Important to Review ESG Investing Before the Risks Become Evident
ICICI Bank, KMB Q1 Conferences: Media and Analysts’ Silence Is Not Golden for Stakeholders

SGX/NYSE Collaboration Agreement: Right Partners, Right Place, Right Products

Last week, SGX and the New York Stock Exchange announced a collaboration focusing on dual listings and new products (primarily ETFs)… and all with an overarching ESG imperative.
Typically, these kinds of announcements are met with a healthy dash of skepticism by investors but the SGX/NYSE agreement is a clear exception, deserving atypical early-stage optimism.
Complementary skill sets (Right Partners), once-in-lifetime market opportunities (Right Place), and leveraging existing cabilities to meet current ESG investing demand (Right Products).

The reason for the limited increase in GPIF’s ESG investments must be thought of separately in terms of GPIF-specific factors and the overall trend in ESG investing.
Because investors consider which combination of managers in their asset allocation will work best for the overall portfolio, there are factors that cannot be determined by individual ESG investing alone.
ESG investing has been expanding, but with so many ESG indices and vendors in disarray, some problems are pointed out. It’s important to review the effectiveness of the ESG indices.

ICICI Bank Ltd (ICICIBC IN) & Kotak Mahindra Bank (KMB IN) actively covered by a large number of analysts
Significant issues of regulatory penalties on Kotak Bank subsidiary & major theft in a currency chest of ICICI Bank. No clarification from both banks
Instead of demanding explanations from the banks during the 1Q concalls, media and analysts chose to remain silent

💡 Before it’s here, it’s on Smartkarma

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network