New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which of the following term is related with Sustainable

    Development Goals and the Paris Climate Agreement?
    A Principles for Responsible Banking Correct Answer Incorrect Answer
    B Principles for Credit Banking Correct Answer Incorrect Answer
    C Principles for Sustainable Banking Correct Answer Incorrect Answer
    D Principles for Climate Banking Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    HDFC Life has joined the UN-backed Principles for Responsible Investment (PRI), demonstrating its commitment to long-term value creation and sustainable growth. HDFC Life is dedicated to the Responsible Investment principles (RI). The Group feels that it is its moral duty as an active asset manager for policyholders who have entrusted their funds to HDFC Life to deliver maximum risk adjusted returns in the long run. This goal can be achieved by using the RI approach to investment decisions, which comprises core stewardship principles and consideration of environmental, social, and governance (ESG) considerations in addition to financial parameters and prospects. This approach is in line with HDFC Life’s vision of long-term growth. The company presently has about Rs. 2 lakh crores in assets under management. PRI, or Principles for Responsible Investment, was founded in 2005 by the then-United Nations Secretary-General and a group of some of the world’s largest institutional investors. It is the world’s leading proponent of responsible investment. PRI aims to better understand the investment implications of environmental, social, and governance (ESG) factors and to assist its global network of investor signatories in incorporating these factors into their investment and ownership decisions.

    Practice Next

    Relevant for Exams: