Direct Tax
Consulting
ESG Advisory
Indirect Tax
Growth Advisory
Internal Audit
BFSI Audit
Industry Audit
Valuation
RBI Services
SEBI Services
IRDA Registration
AML Advisory
IBC Services
NBFC Compliance
IRDA Compliance
Finance & Accounts
Payroll Compliance Services
HR Outsourcing
LPO
Fractional CFO
General Legal
Corporate Law
Debt Recovery
Select Your Location
The COVID-19 pandemic has highlighted the importance of sustainability and responsible business practices, leading to increased focus on Environmental, Social, and Governance (ESG) standards globally. In India, the regulatory landscape for ESG is evolving, with the Prime Minister expressing support for high ESG scoring companies. However, there is currently no specific legal regime governing ESG ratings and ERPs are not under regulatory supervision. To address this, SEBI has released a consultation paper on ESG Rating Providers for Securities Markets, aiming to establish a regulatory framework. In this blog, we will explore the regulatory landscape for ESG rating providers in India, the challenges in the current system, and the proposed framework in the SEBI consultation paper.
In conclusion, SEBI’s proposed framework for ESG ratings in India aims to establish a credible and transparent ecosystem for ESG ratings through accreditation of ERPs, standardization of rating products, transparency in the rating process, governance measures, and reporting requirements. The framework emphasizes accuracy, independence, and integrity in ESG ratings, with a focus on mitigating conflicts of interest, ensuring data confidentiality, and promoting transparency through disclosure of rating rationale and methodologies. Overall, this framework is a significant step towards enhancing the quality and reliability of ESG ratings in India, fostering sustainable and responsible investing practices, and contributing to a positive impact on the economy, society, and environment.
Also Read:ESG and Sustainable Development: How are they Related?Future of Environmental, Social, and Governance (ESG): Emerging Trends and Opportunities for Investors
SEBI, the regulatory body for markets, has directed stockbrokers to establish an institutional...
If you have lost track of your shares in Muthoot Finance Limited, they may have been transferre...
Customer Acquisition is essential for any successful organization, placing customers ahead of p...
The role of AMFI in NRI SIP investments is continuously growing in the Indian mutual fund marke...
India’s Financial Intelligence Unit has introduced a groundbreaking upgrade to its informatio...
Are you human?: 5 + 7 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
The new-age employment market is dominated by increased use of technology, rising demand for workplace flexibility,...
27 Apr, 2023
In recent years, Environmental, Social, and Governance (ESG) factors have gained significant attention in the busin...
14 Apr, 2023