Mumbai : IDFC has entered the list of top 50 Indian companies in the S&P ESG India Index.

The S&P ESG India Index comprises of 50 of the best performing stocks in the Indian market as measured by environmental, social and governance (ESG) parameters.

Sponsored by the International Finance Corporation (IFC) and developed by a consortium of Standard & Poor’s, CRISIL, and KLD in January 2008, the index represents the first of its kind to measure environmental, social, and corporate governing (ESG) practices based on quantitative as opposed to subjective factors. The purpose of the index is to raise the profile of those companies that perform well along the three parameters of environmental, social and corporate governance responsibility when compared to their market peers.

Index constituents are drawn from the top 500 companies (by market capitalization) listed on the National Stock Exchange, which are subjected to a screening process which yields a score based on a company’s ESG disclosure related practices in the public domain.

The performance on ESG parameters assures investors that their portfolio is consciously balancing the interests of all stakeholders, and thereby, creating a platform for strong long-term performance.