Thursday, January 31, 2008

Invest in a Company serious about CSR & Corporate Governance

CRISIL launched a 50 scrip index which tracks the top Indian companies on the basis of Corporate Governance, Ethics and Social responsibility. It's called the ESG Index. (Environment, Social, Governance)

This is what I was looking for when I am looking around for stocks to invest. Infosys, ITC was already in my radar and I am glad to see that they rank right on the top of the 50 scrips. The top ten companies by weight in the index are:
  1. Infosys
  2. ITC
  3. Aditya Birla Nuvo
  4. Dr.Reddy Labs
  5. Wipro
  6. Jubilant Organosys
  7. Axis Bank
  8. GTL
  9. RIL
  10. HUL
See Crisil website for all the details

Mint reports that the first sustainability index that was launched in Brazil in 2005 has given returns of 26%, higher than the 18% offered by the benchmark index of Brazil.

So investors would be rewarded and you also have the satisfaction of investing in a company aware of its social responsibility and scores high on corporate governance.

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