This volume of the Green Pill decodes the latest ESG phenomenon through 4 articles. First article outlines RBI’s pioneering study quantifying the impact of environmental changes. Second article explains the proposed multi-dimensional package of sustainable finance ecosystem in Europe. Third article discusses the results of a very interesting ESG survey conducted by Bain and IACPM. The fourth article is titled, ‘Does the polluter pay as a principle?’ and focuses on Carbon Border Adjustment Mechanism adopted in Europe.