Kotak Mahindra Asset Management Company (KMAMC) has become a signatory to Climate Action 100+, which focuses on clean energy transition, and reduces greenhouse gas emission to achieve the Paris Agreement’s goals.
About Climate Action 100+:
Initiated in 2018, Climate Action 100+ is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change. It will continue till 2023.
- It is coordinated by five partner organisations: Asia Investor Group on Climate Change (AIGCC); Ceres; Investor Group on Climate Change (IGCC); Institutional Investors Group on Climate Change (IIGCC) and Principles for Responsible Investment (PRI).
Key Point:
In April 2018, KMAMC became the first domestic AMC to sign up with the Principles for Responsible Investment supported by the United Nations (UN).
Recent Related News:
i.On December 7, 2020, Kotak Mahindra Asset Management Company Limited (KMAMC) or Kotak Mutual Fund launched India’s first diversified REIT (Real Estate Investment Trusts) Mutual Fund namely “Kotak International REIT Fund of Funds”.
ii.On December 14, 2020 Kotak Mahindra Life Insurance Company (Kotak Life) launched its five-city outdoor campaign to increase awareness about its 1st health insurance product, ‘Kotak Health Shield’. The 5 cities are Bangalore, Chennai, Kolkata, Ahmedabad and Pune.
About Kotak Mahindra Asset Management Company Limited (KMAMC):
Group President & Managing Director (MD)– Nilesh Shah
Headquarter– Mumbai, Maharashtra
