Alok Kumar Agarwal on Sustainable Finance: Shaping India's Financial Future
In the ever-changing world of global finance, a significant shift is happening. Investments are now focusing more on sustainability and responsible management. "Recently, sustainable finance has become a key player in transforming the financial services sector worldwide, and India is following suit," says Alok Kumar Agarwal from Alankit, a seasoned expert and former Managing Director of Alankit. This article looks into this trend, examining the efforts of financial institutions, the crucial role of government policies, and how sustainable finance could reshape India's economic growth.
Sustainable finance is now a core part of financial decision-making, not just a side concern. “Understanding the link between financial markets and environmental, social, and governance (ESG) issues, stakeholders are adopting sustainable practices as a necessary strategy. Both organizations and investors are realizing that sustainability is not just a moral duty but also a smart business move,” explains Alok Kumar Agarwal from Alankit. ESG criteria are now vital for evaluating the sustainability and ethical impact of investments. In India, this shift is influenced by various factors.