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.
Table of Contents
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
Kiran is a multi-talented individual currently pursuing her final year of BBALLB at Chandigarh University. In addition to her studies, Kiran is also a dedicated legal content writer and researcher. She has a keen interest in the legal writing and is committed to using her knowledge and skills to produce informative and insightful content.
Black money has been the subject of heated political debate in India for a long time. Successiv...
The Apex Court pronounced a judgement in the case titled Tata Motors Vs The Brihan Mumbai Elect...
Since economies are moving towards digitalisation and making it feasible to conduct transaction...
The Alternative Investment Funds (AIFs) Pro-rata and Pari-Passu Rights Proposal Consultation Pa...
The Financial Action Task Force, i.e. FATF (the Force), is the global money laundering and terr...
Advance tax refers to the payment of the tax liability before the end of the relevant financia...
On 11.12.15, the Hon’ble Delhi High Court (HC) pronounced a landmark judgement in the case ti...
Money laundering can be defined as the process of illegal concealment of the origin of money ob...
Every assessee in India is obligated to file an income tax return and make the timely payment o...
In the recent past, India has seen burgeoning demand for internet and smartphones. The rapid ri...
Are you human?: 6 + 9 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
In recent years, there has been a growing awareness and emphasis on environmental, social, and governance (ESG) fac...
19 Apr, 2023
In recent years, Environmental, Social, and Governance (ESG) factors have gained significant attention in the busin...
14 Apr, 2023
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!