The GoK is committed to put into practice all the best practices available to nature, its people and the planet. The key motto of the Government is to encourage Responsible Industry; Responsible Investments. As part of it the State recognizes the importance of ESG investments and is inclined to promote an approach of ESG-driven responsible investments in the State through the following measures;
A dedicated policy for promoting ESG-focused MSME development and providing performance-based loans and incentives for innovation and green growth based on the ESG-rating of MSMEs shall be devised.
A sector-based ESG rating framework, criteria, and methodology for industries while aligning with the United Nations Sustainable Development Goals and Sustainability Accounting Standards Board (SASB) metrics shall be developed
Investment promotion meets shall be organized under the theme of Responsible Investments.
Various incentives shall be offered for businesses/MSMEs adopting ESG practices as per the ESG criteria.
An Expert Committee is formed who is actively working to develop further the framework and modalities for implementing the frameworks