Task force set up to firm up sustainable finance roadmap
The government has constituted a task force under economic affairs secretary Ajay Seth to firm up a sustainable finance road map for India, a senior government official told Financial Express. The task force will recommend ways to strengthen the resilience of the country’s financial sector against risks emanating from various climate and environmental, social and governance (ESG) issues. It will layout ways to grow sustainable finance in India and set a clear time frame for their implementation. As part of this initiative, a survey is also being undertaken with the help of the United Nations Development Programme (India) to assess climate and ESG resilience in India’s financial sector.