Q. With reference to Sustainable finance, consider the following statements;
1.It refers to any form of financial services that is focused on fulfilling sustainable development goals.
2.CK Mishra committee is related to sustainable finance activities.
Which of the statements given above is/are correct?
Statement 1 is incorrect: It refers to any form of financial service integrating environmental, social and governance(ESG) criteria into the business or investment decisions for the lasting benefit of both clients and society at large.
Statement 2 is correct: A “committee of experts on sustainable finance” was constituted by International Financial Services Centres Authority (IFSCA) at the GIFT City. The committee was headed by CK Mishra, former secretary, Union Ministry of Environment, Forest and Climate Change.
Source: Indian Express