Announced in Mumbai and Moscow, the partnership sets out collaboration on ESG knowledge exchange, joint publications and sectoral insights.
CareEdge‑ESG, a wholly owned subsidiary of CARE Ratings Ltd, has signed a strategic memorandum of understanding (MoU) with RAEX International Group, Russia’s leading analytical agency, to strengthen global cooperation in environmental, social and governance (ESG) thought leadership.
Announced simultaneously in Mumbai and Moscow, the MoU establishes a framework for collaboration in ESG knowledge exchange, joint publications and sectoral insights. The two organisations will co‑author research, participate in domestic and international events, and contribute to global forums shaping sustainable finance.
Coming weeks before Prime Minister Narendra Modi and Russian President Vladimir Putin meet at the Russia‑India Forum in New Delhi in early December, the agreement reflects a new stage in private‑sector collaboration between the two countries.
CareEdge‑ESG will serve as a knowledge and rating partner for RAEX‑led initiatives, extending its analytical expertise to cross‑border ESG discourse.
Saikat Roy, CEO, CareEdge‑ESG Ratings, described the partnership as a milestone in building a robust ESG ecosystem.
“Through joint initiatives with RAEX International Group, we aim to deepen ESG understanding and support stakeholders in navigating evolving sustainability standards,” he said.
Aakash Jain, Head of Corporate Affairs & Strategic Business Partnerships, CareEdge Ratings, added that the MoU opens new avenues for strategic engagement and knowledge sharing.
“We look forward to co‑developing impactful ESG content and participating in global forums that shape the future of sustainable finance,” he noted.
From RAEX International Group, Director Dmitry Grishankov emphasised the alignment of vision between the two organisations.
“We are pleased to partner with CareEdge‑ESG, whose analytical depth and commitment to ESG excellence align with our vision. Together, we will work towards enhancing ESG transparency and fostering global cooperation,” he said.
Anastasia Grechanaya, Head of ESG Project Development at RAEX, highlighted the alliance’s role in engaging stakeholders worldwide.
“This alliance will allow us to collaboratively explore ESG trends, produce insightful research, and interact with stakeholders globally. We are confident this partnership will greatly contribute to the ESG landscape.”
The MoU is non‑binding and pro bono, reflecting a shared intent to collaborate on ESG initiatives without commercial consideration. It emphasises the importance of cross‑border partnerships in advancing sustainability goals and promoting responsible investing.