Europe’s ESG funds sell more of their Adani Group shares

Europe’s ESG funds sell more of their Adani Group shares

The Edge Markets - World·2023-03-04 05:01

(March 3): European ESG funds have sold off some of their Adani Group holdings, with the number listed as including the embattled Indian conglomerate down by 6% over the past two weeks.

Shares bearing the Adani name now appear in about 480 so-called Article 8 funds — entities promising to promote environmental, social and governance goals under European Union rules, according to data compiled by Bloomberg. That’s down from more than 500 in mid-February.

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