Investcorp ramps up India ESG build-out

The firm has appointed Habib Abdur-Rahman, a principal focused on corporate development, to lead the effort.

Investcorp entered India last year with the acquisition of IDFC’s private equity and real estate businesses. This provided the Bahrain-listed asset manager with a ready-made platform in the country, including assets under management of around $450 million.

Abdur-Rahman (pictured) will oversee the accelerated adoption of a standardized ESG framework, including implementing and enhancing ESG alignment across all business lines and geographies. Initial traction on this front includes Investcorp’s India unit partnering with Cambridge University to develop a policy modeled on the principles of the Sustainability Accounting Standards Board, a US-based disclosure standards organization.

“I am delighted to be appointed as the firm’s ESG lead, an appointment which reflects the firm’s recognition that ESG principles must continue to guide our activities, not only to do right by the communities in which we live, work and invest, but to also deliver the exceptional service our clients expect,” Abdur-Rahman said in a statement.

Investcorp launched its group policy on socially responsible investing on entering India. Since then, it claims to have begun integrating ESG principles into its operations in the country, starting with a focus on ESG risk mitigation across all investments and a shift toward being a more active opportunity seeker.

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• Topics
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