HDFC Life launches Sustainable Equity Fund
January 25, 2022
HDFC Life, one of India’s leading life insurers, has launched its Sustainable Equity Fund, currently available with HDFC Life Click 2 Wealth, a unit-linked product.
The Company is focused on industry-driving ESG standards that help shape a sustainable future for the communities they serve and create long term value for all stakeholders.
This Sustainable Equity Fund promotes Environmental, Social, and Governance (ESG) standards and will invest into stocks that structure part of benchmark ESG indices or in stock of organizations with high ESG scores. This ESG score is calculated based on internal analysis, public disclosures, and ratings by external agencies.
ESG is a barometer of sustainable business practices, i.e., it helps identify if business has a powerful corporate governance framework, benefits society at large, and is run in an environment friendly manner. The goal of this fund is long haul capital appreciation through investment in such select companies across market capitalisation.
HDFC Life’s ESG strategy focuses on five pillars – Ethical Conduct; Responsible Investment; Diversity, Equity, and Inclusion; Holistic Living; and Sustainable Operations. This ESG strategy has been created in view of global benchmarks and material topics for HDFC Life, with the purpose to address ESG risks and drive meaningful impact.