Allegedly Fraudulent Indian Company That Lost $100 Billion Was Heavily Involved In ESG Movement

  • Adani Enterprises, which has lost more than $100 billion on the stock market, will therefore be removed from the Dow Jones Sustainability Indices over the “allegations of stock manipulation and accounting fraud.”
  • The company is listed on the Sustainability Emerging Markets Index, which also includes companies from China as well as other developing economies.
  • The investment products are advertised as “best-in-class benchmarks for investors who have recognized that sustainable business practices are critical to generating long-term shareholder value and who wish to reflect their sustainability convictions in their investment portfolios.”
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