{"id":134997,"date":"2024-09-15T11:36:02","date_gmt":"2024-09-15T11:36:02","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/15\/icra-esg-ratings-assigns-its-first-rating-to-incred-financial-services-times-of-india\/"},"modified":"2024-09-15T11:36:02","modified_gmt":"2024-09-15T11:36:02","slug":"icra-esg-ratings-assigns-its-first-rating-to-incred-financial-services-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/09\/15\/icra-esg-ratings-assigns-its-first-rating-to-incred-financial-services-times-of-india\/","title":{"rendered":"ICRA ESG Ratings assigns its first rating to InCred Financial Services &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i1.wp.com\/static.toiimg.com\/photo\/msid-113367868,imgsize-347775.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"ICRA ESG Ratings assigns its first rating to InCred Financial Services &#8211; Times of India\" title=\"ICRA ESG Ratings assigns its first rating to InCred Financial Services &#8211; Times of India\" \/><\/div>\n<div>NEW DELHI: <!-- -->ICRA ESG Ratings<!-- --> Limited has assigned its first Environmental, Social, and Governance (ESG) rating to <!-- -->InCred Financial Services<!-- -->, a <!-- -->non-banking financial company<!-- -->. ICRA ESG received registration as a Category-I <!-- -->ESG Rating<!-- --> Provider (ERP) from the <!-- -->Securities and Exchange Board of India<!-- --> (SEBI) earlier this fiscal. ICRA ESG was formerly known as Pragati Development Consulting Services Limited (PDCSL).<br \/>&#8220;InCred Financial Services Limited, a Non-Banking Financial Company (NBFC) focused on personal loans, student loans, and business loans, has been assigned a rating of [ICRA ESG] Impact 57, Moderate,&#8221; said ICRA ESG Ratings Limited (ICRA ESG), a wholly-owned subsidiary of ICRA, in a release. <br \/> It further said the ICRA ESG-assigned ratings help investors assess the non-financial risks and opportunities associated with entities and facilitate making better investment decisions, paving the way for a more sustainable and responsible investment landscape. <br \/> These ratings also help the rated entity gain a better understanding and diagnostics of its ESG impact and accordingly plan and execute its future sustainability actions, it added. <br \/>Commenting on the development, Ramnath Krishnan, MD &amp; Group CEO of ICRA Limited, said the adoption of ESG ratings in India will serve as a catalyst for driving positive change and promoting a more inclusive and environmentally conscious business environment. <br \/> &#8220;This advancement elevates the ICRA Group to the select ranks of Indian entities delivering holistic risk-monitoring solutions, including ESG ratings and scores. It marks a pivotal step in our commitment to promoting sustainable development and responsible investing,&#8221; he said. <br \/>ICRA ESG offers Impact, Transition, and Combined ratings to entities as per the regulatory framework prescribed by SEBI, on a rating scale that ranges from 0 &#8211; 100. <br \/>The ESG Impact Rating reflects the state of a rated entity&#8217;s ESG profile in terms of the impact that its business activities create on the environment and the society against the backdrop of its governance practices.<\/div>\n<p><script>\nvar _mfq = window._mfq || [];\n_mfq.push([\"setVariable\", \"toi_titan\", window.location.href]);\n!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function loadGtagEvents(isGoogleCampaignActive) {\n      if (!isGoogleCampaignActive) {\n        return;\n      }\n      var id = document.getElementById('toi-plus-google-campaign');\n      if (id) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        t.id = 'toi-plus-google-campaign';\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/www.googletagmanager.com\/gtag\/js?id=AW-877820074', n, t, s);\n    };\n    function loadSurvicateJs(allowedSurvicateSections = []){\n      const section =  window.location.pathname.split('\/')[1]\n      const isHomePageAllowed = window.location.pathname === '\/' && allowedSurvicateSections.includes('homepage')\n      if(allowedSurvicateSections.includes(section) || isHomePageAllowed){\n        (function(w) {\n         function setAttributes() {\n                    var prime_user_status = window.isPrime ? 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ICRA ESG received registration as a Category-I ESG Rating Provider (ERP) from the Securities and Exchange Board of India (SEBI) earlier this fiscal. ICRA ESG was formerly known as Pragati Development [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":134998,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static.toiimg.com\/photo\/msid-113367868,imgsize-347775.cms","fifu_image_alt":"","footnotes":""},"categories":[604],"tags":[108159,38022,108158,4073,28959,108157,108160,108156,273,108155,29034,17508,9592,3282,272],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/134997"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=134997"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/134997\/revisions"}],"predecessor-version":[{"id":134999,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/134997\/revisions\/134999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/134998"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=134997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=134997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=134997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}