Impact washing

    ESG & Governance

    Claiming measurable social or environmental impact without evidence, or for results that would have happened anyway.

    Impact washing is common in fund marketing and SDG reporting. A fund may call itself an "impact" fund simply because it holds companies in sectors linked to good outcomes, without measuring results or showing that its money made a difference. Real impact needs intention, measurement and additionality. Ask what was measured, against what baseline, and whether the outcome would have happened without the investment.

    Related terms

    GreenwashingSocial washingImpact investingAdditionality (carbon credits)Sustainable Development Goals (SDGs)

    Learn the concept

    From the research

    Valuation

    A Comparative Financial Analysis of Three Listed Companies

    Three IT services leaders, five years of numbers: similar growth, very different margins and returns on capital, and their October 2026 valuations.

    Markets

    IPO Issue Price vs. Listing Price vs. Subsequent Performance

    Seven of India's most talked-about IPOs since 2021, tracked from issue price to listing to October 2026. Buying on listing day lost money in six of seven.

    Valuation

    Paytm: Valuing a Company With No Clean Comparable

    Paytm is part payments processor, part device business, part loan distributor. Why no single peer fits, and how to value it in parts and in reverse.