Financial Analysis for a Changed World
Our expertise lies in identifying and analysing the impact on investment value that the climate crisis is already exerting, and how this is likely to play out over longer time horizons.
Crash of the Titans
Institutional equity investors have lost $3 billion on Indian coal companies between 2016-2020. HDFC Mutual Funds, Reliance Nippon, LIC, ICICI Prudential, DSP, Blackrock, Fidelity and Vanguard are among investors that have seen their equity holdings in coal mining and coal-based power companies underperform the benchmark S&P BSE Sensex by between 13% and 40% p.a. since 2016.
News & Events
In the News
Institutional equity investors have lost $3 billion on Indian coal companies since 2016
06 Feb, 2021
February 5, 2021: Leading Indian and institutional investors have cumulatively lost $3 billion / ₹ 22,900 cr. on underperforming companies with a high exposure to the coal sector since 2016, according to analysis (1) by...
WHAT WE BELIEVE
Financial stability is dependent on ecosystem stability.
The climate crisis poses threats to both financial and environmental systems. These threats arise directly from climate change itself, and indirectly from changes in the socio-political economy that are propelled by the climate crisis.
Given the over-arching nature of climate change impacts, risks manifest in varying ways, from changing physical conditions due to altered weather patterns to evolving policies impacts and the loss of social license for industries that were once considered foundations of the economy.
CEO & Lead Analyst
CEO & Lead Analyst
Ashish has over two decades of international experience in the ESG sphere. He believes that the financial sector is not prepared to mitigate the value destruction that will accompany rapid climate change and associated environmental & social upheaval. Ashish is an alumnus of St. Xavier’s College, Mumbai, where he studied Economics.
Vinuta is a founder and Chief Executive Officer of Asar Social Impact Advisors. She has more than 20 years of experience in environmental and justice issues in India. Before joining Asar, Vinuta was Interim Executive Director and Program Director of Greenpeace India. She is a Chartered Accountant by qualification.
Brikesh is a mobilisation strategist at Asar. His expertise includes conceptualising, planning and implementing innovative and engaging mobilisation strategies. He is a networker and skilled communicator with two decades of experience in the field.
Harshit has research experience on air pollution and the power sector, particularly on coal and related environmental issues. He strives to use his research and analytical skills to bring regulatory and policy changes favourable for a smoother and faster energy transition. Harshit holds a Master’s degree in Conflict Management and Development and is based in Delhi.
Abhishek is a business undergraduate and has cleared all three levels of CFA. He holds the Sustainability and Climate Risk (SCR™) certificate, issued by Global Association of Risk Professionals and has a background in financial planning & analysis at Societe Generale. He believes that overcoming information asymmetries in the finance sector is key to build resilience towards climate risks and facilitate the transition to net zero carbon.
Get in Touch
Climate Risk Horizons
No 40, 16th Cross Road, Malleshwaram,