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Adani saga exposes shortcomings of ESG ratings
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Gautam Adani’s business empire was regarded as an ESG darling before it was accused of accounting fraud and stock manipulation by short-seller Hindenburg Research.
Adani Enterprises, the Indian billionaire's flagship company, features in a number of major green indices, including the S&P Dow Jones Sustainability Emerging Markets Index. Others including Adani Total Gas have consistently bagged high ESG ratings.
The...
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