Adani Shock Exposes ESG Fund Managers Clinging to 'Terrible' Bet

By Yahoo! Finance | Nov 22, 2024 at 09:30 PM EST

ESG fund managers faced losses as Adani Green Energy Ltd. shares plummeted due to bribery allegations against Gautam Adani. Despite ESG screenings, the company's governance issues were evident. This incident highlights the challenges ESG funds face in managing environmental, social, and governance risks effectively.

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