NEW YORK (Reuters) – MSCI ESG Research said on Friday it flagged all its covered Adani Group entities for the metric of accounting investigations, while some were flagged for the securities valuations metric.
MSCI’s ESG Controversies scoring and flagging system alerts investors to potential reputational risks, according to a factsheet produced by the agency.
“Across various Adani Group entities, MSCI ESG Research has identified issues relating to governance, board independence, related party transactions, and controlling shareholders,” the company said, adding that it took its most recent action on March 9.
(Reporting by Rodrigo Campos and Isla Binnie; Editing by Leslie Adler)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.