Adani shock exposes ESG fund managers clinging to ‘terrible’ bet
Managers of ESG funds have once again been caught in the middle of a market catastrophe. Shares of Adani Green Energy Ltd., which are held by roughly 770 ESG funds globally, recently saw a 25% decline in value following US authorities’ charges of alleged bribery against Gautam Adani. It’s one of several Adani empire companies…