Banks to continue backing ESG-compliant companies

Jigar: It is too premature to write off the big potential of renewable or green technologies.

WITH news in recent weeks about the huge outflow of funds from green energy-focused stocks in developed economies, it is perhaps pertinent to ascertain what banks make of this issue that has affected some of the highly environmental, social and governance (ESG)-compliant companies in the world.

After all, these entities, being the major financiers of businesses, have in recent years made clear their own deference to the ESG agenda, a culture that goes without saying would also apply to what businesses they lend to.